Socialtext Raises $3 Million Toward $6.5 Million Series C Funding
Socialtext is a Palo Alto, Calif. based company that builds wiki enterprise products. This type of product is especially useful for those who do not have the time or knowledge to set-up their own wiki. It is also useful for those who have become fed up with sending attachments back-and-forth through e-mail. I know a couple of start-ups that interact via wikis to report daily progress.
Socialtext announced that they have raised $3 million towards a desired $6.5 million Series C funding amount. Some of the previous investors include Draper Fisher Jurvetson, SAP, Omidyar Network, Mark Pincus (CEO of Tribe.net), and Reid Hoffman (Chairman of LinkedIn). Jimmy Wales, the founder of Wikipedia serves as a Board member for Socialtext.
Ross Mayfield, Peter Kaminski, and Adina Levin are founders of the company. A product tour is available at: http://www.socialtext.com/products/tour. The Socialtext blog is available at: http://www.socialtext.com/blog/.
In November 2006, Google acquired Jotspot, a similar wiki concept. Wetpaint, a wiki-builder website raised $9.5 million in funding around January 2007 as well.Â Wikis are a strong market and millions of dollars are constantly being plugged in.
 Socialtext.com Product Tour
 Pulse 2.0: Google’s Gone Wiki
 Pulse 2.0: Wiki-Builder Website, Wetpaint Welcomes $9.5M Funding