Meebo Inc. said Tuesday it closed a $27.5 million Series D round of funding led by Khosla Ventures and joined by existing investors Sequoia Capital, Draper Fisher Jurvetson, Time Warner and JAFCO. The Mountain View social networking company said they funds would allow it to continue building out its site. With the new funding, the company has raised a total of $70 million.
Meebo Closes $27.5 Million Series D Financing Round
MOUNTAIN VIEW, CALIF. – Dec. 20, 2010 – Online sharing platform Meebo today announced it has closed a $27.5 million Series D round of funding, led by Khosla Ventures. Existing investors Sequoia Capital, Draper Fisher Jurvetson, Time Warner and JAFCO also participated. The funds will support the acceleration of Meebo’s growth and further development of Meebo’s web check-ins, which enable Web visitors to check in to their favorite sites and share online discoveries with friends or people with similar interests.
The Series D funding round brings Meebo’s total financing to $70 million. Investors now include Khosla Ventures, Sequoia Capital, Draper Fisher Jurvetson, Time Warner, True Ventures and JAFCO.
The Series D closing comes on the heels of several recent Meebo milestones, including its launch of Meebo MiniBar browser extension, which enables people to take Meebo across the entire Internet, check in and stay connected while browsing the Web. Meebo recently celebrated its fifth year and now reaches 33 percent of U.S Internet users, 71 million domestic unique users and almost 142 million uniques worldwide, according to comScore, November 2010.
Meebo provides the easiest, most open and most “right there where you want it” way to share on the web. Integrating all social networks and communications channels into a single, simple-to-use solution, Meebo enables users to easily share content and communicate in real time with the people who matter to them, and connects people to their friends on the numerous websites that have installed the Meebo Bar, through mobile devices and via Meebo Messenger. The privately held company was founded in 2005. For more information, visit meebo.com.
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs in clean technology, internet, computing, mobile, and semiconductors. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, California.