UberMedia Inks $5.6M from DLD Ventures

Pasadena, Calif.-based UberMedia has closed on $5.6 million from DLD Ventures, the investment arm of Burda Digital. The money will help UberMedia expand its user base, the company said in a written release. UberMedia develops applications for reading and posting to social networking and media platforms, such as twitter.

PRESS RELEASE
UberMedia (www.ubermedia.com), the largest independent provider of applications for reading and posting to Twitter and other social media platforms, announced today that Burda Digital through DLD Ventures has invested $5.6 million into the company in a new round of financing. Burda Digital is one of the leading European Internet companies with investments in over 50 digital media companies in Germany, Europe and overseas with revenues of over $900 million, including Tomorrow FOCUS AG, Xing AG, Etsy and Glam Inc. DLD Ventures is the international investment arm of Burda Digital. The investment will be used to further the growth of UberMedia’s user base both in the U.S. and internationally.

“We are in the midst of a tectonic shift toward social media by users all over the world, and the power of referral and information from people you trust is staggering,” said Bill Gross, founder and CEO of UberMedia. “UberMedia’s goal is to drive innovation in the social media experience so that it becomes ever more engaging, relevant, and useful.”

UberMedia’s applications user base has grown from startup to more than 5,000,000 users in just over a year. Users of the company’s popular Twitter apps – UberSocial, Echofon, Twidroyd and others – currently Tweet more than 200 times per second, representing approximately 13% of all traffic on the Twitter platform.

UberMedia recently announced partnerships with leading hip-hop recording artist, 50 Cent, to provide the Uber50 theme on UberSocial for BlackBerry, and with actor and technology investor Ashton Kutcher to power his own desktop Twitter client, A.plus. This funding will allow the company to further grow its relationships with partners, who can drive usage and make the Twitter experience even more accessible.

About Burda Digital
Burda Digital is a leading European investment company connected to a media company. In 2009 the annual total revenue of all supervised companies and investments adds up to over 900 Million USD; Burda’s consolidated share reached over 500 Million USD. Altogether investments of Burda Digital achieved an average annual revenue growth of 31 percent. The management board of Burda Digital consists of Dr Paul-Bernhard Kallen, CEO of Hubert Burda Media, and Dr Jörg Lübcke.

About UberMedia
UberMedia (www.ubermedia.com) is the leading independent developer of applications and web-based services that make it easier for users to find, follow and communicate with others on Twitter and other social media platforms. UberMedia applications include UberSocial (formerly UberTwitter), Echofon and Twidroyd, leading Twitter apps on the BlackBerry, iPhone and Android platforms, respectively. UberMedia is headquartered at Idealab (www.idealab.com) in Pasadena, CA.

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