Flock Raises $15 Million

Flock, a Redwood City, Calif.-based developer of a social Web browser, has raised $15 million in Series D funding. Fidelity Ventures led the round, and was joined by return backers Bessemer Venture Partners, Catamount Ventures and Shasta Ventures.

 

PRESS RELEASE

 

Flock (www.flock.com), the innovative, award-winning social Web browser, today announced that it has completed a $15 million Series D round of venture funding led by Fidelity Ventures. All previous lead investors, including Bessemer Venture Partners, Catamount Ventures and Shasta Ventures, also participated.

 

This new funding exceeds the amounts raised in all prior rounds combined and will be used to provide growth capital to expand Flock's business, including research and development, marketing and expansion into new global markets.  According to Datamonitor, there are currently over 230 million members of social networks globally, and revenues are projected to reach $2.4 billion by 20121. Fidelity Ventures brings the advantages of its tremendous global reach and experience to assist in growing Flock's business.

 

“We are thrilled to close this significant round of financing,” said Shawn Hardin, CEO of Flock. “Following the tremendous market response to Flock's commercial release, this new funding will enable us to continue our browser innovation