Meebo Raises $25 Million Series C, Now Valuated At $200 Million
Meebo, the online chat application that is powered by AIM, Yahoo!, MSN, Google Talk, ICQ, and Jabber has raised a Series C round of investment at $25 million. JAFCO Ventures was the lead investor. Other investors include Time Warner, KTB Ventures, Sequoia Capital, and Draper Fisher Jurvetson. Meebo was started in September 2005 and is currently valuated at $200 million.
Meebo is a top 400 site within Alexa.Â The online instant message company plans to utilize their partnership through Time Warner by working with its subsidiaries such as AOL, TMZ, New Line Cinema, People Magazine, and CNN.
Meebo will be expanding to Japan and Korea with this round of funding.Â Meebo also has partnerships with VideoEgg, CBS, PUMA, and 4 record labels.Â Meebo started in September 2005 and has over 29 million users sending over 150 million IMs daily.
The actual name of the company was written on a napkin by the three co-founders.Â Â What is the deal withÂ coming up with business plans and Internet company names on napkins?This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry