Socialcast Raises $8 Million From Menlo and True Ventures
Socialcast is a service that combines the activity stream from large companies and integrates them with social bookmarking sites, Microsoft Outlook, Microsoft Sharepoint, mobile devices, and Adobe AIR applications. Socialcast has recently raised $8 million Series B from Menlo Ventures and True Ventures.
Last year Socialcast raised $1.4 million from True Ventures and other angel investors. Om Malik of GigaOm.com joined the board of directors at Socialcast as well. Sonja Hoel Perkins of Menlo is now on the board of directors at Socialcast too. [TechCrunch]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry