Web 2.0 - Monday, June 11, 2007
Social Widget Me.dium Raises $15M
Boulder, CO-based Me.dium has raised $15M in Series B. Commonwealth Capital Ventures led the deal, and was joined by return backers Spark Capital, Appian Ventures and VC Brad Feld. The startup is led by Kimbal Musk (brother of Paypal founder Elon Musk), who was a founder of Zip2, which he sold to Compaq. Musk is currently on the boards of Space X, Tesla Motors; Keith Glen Media; and ProgressNow.org.
We suspect that Me.dium took on increased interest from investors after comparable StumbleUpon was bought by eBay. Like Stumbleupon, Me.dium monitors your browsing and maps that data to what other Me.dium users are viewing, then makes recommendations. An additional twist is that you can IM people on Me.dium who share your tastes and interests.
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