NewsGator Raises $10 Million In Sixth Round From Masthead Venture Partners, Mobius Venture Capital and Vista Ventures
NewsGator is a social computing, enterprise RSS and social widgets company. NewsGator had the strongest quarter in its history. NewsGator’s list of customers has grown substantially too. Given this growth, investors were confident enough to provide them with $10 million in their sixth round of funding. The investors involved include Masthead Venture Partners, Mobius Venture Capital and Vista Ventures.
Some of NewsGator’s clients include 2 out of 3 of the top world banks, the world’s largest private public relations firm, the second largest U.S. advertising agency, the second largest law firm, four out of the top pharmaceutical companies, the fourth largest U.S. electrical company, and one of the top five investment banking companies in Canada.
“We’re very proud to continue to extend and expand our Global 2000 customer relationships,” stated NewsGator CEO and President JB Holston. “Demand is accelerating for our on-premise and SaaS-based social computing offerings as top quality companies turn to immediate, high-ROI solutions for content and collaboration.”
NewsGator is also well known for NetNewsWire, an RSS reader. NetNewsWire was named one of the Top 10 iPhone Apps for 2008 in TIME magazine.
“The social computing models that have rocked the consumer world have equally important roles to play in the enterprise – and now more than ever in the current business environment,” stated NewsGator Director and Managing Director of Mobius Venture Capital and Foundry Group Brad Feld. “It’s inspiring to see NewsGator tapping this rich vein of need and achieving remarkable results to document the value of its approach.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry