NewsGator raises another $12 million

28 01 2008

NewsGator raises another $12 million

Posted by: in Raising Money

Although many people don’t know what RSS is about, the technology has millions of users. After all, if you get newsfeeds from places like Google (NASDAQ: GOOG), Yahoo! (NASDAQ: YHOO) or Facebook, then you’re an RSS user.

Well, one of the massive players in the space, NewsGator, has raised $12 million in venture capital. The investors include Vista Ventures, Mobius, Venture Capital, and Masthead Venture Partners. In all, NewsGator has raised a cool $30 million.

The company has a consumer product, which can make your life easier, especially if you’re a news junkie. For example, the NewsGator back-end platform processes about seven million new articles per day.

What’s more, there are several enterprise products, which sync nicely with ubiquitous Microsoft (NASDAQ: MSFT) applications. In fact, there are more than 100 Fortune 2000 customers.

Greg Reinacker, who is the founder and CTO of NewsGator, did a write-up on the deal for his blog. And if you want to check out other venture capital deals, visit DealProfiles.com.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar On the web Guide to Decoding Financial Statements.