Widgetbox Raises $8 Million

Widgetbox Inc., a San Francisco-based Web 2.0 widget directory, has raised $8 million in Series B funding. Backers include Sequoia Capital, Hummer Winblad Venture Partners, NCD Investors and angel Michael Dearing.

PRESS RELEASE

Widgetbox(TM) announced today it has closed its series B funding, raising $8 million from investors Sequoia Capital, Hummer Winblad Venture Partners, NCD Investors, and private investor, Michael Dearing. The new funding will be used to build products and services for its large and growing community of developers and
consumers including the expansion of DevShare(TM), the company's revenue sharing program with developers.

Widgetbox operates the largest distributed community of widget developers and consumers, which includes:

    — 26,000 widget developers
    — 33,000 widgets in the gallery at http://www.widgetbox.com
    — 12 million daily widget-views
    — Distribution across 210,000 domains
    — 15 percent of Facebook applications and 60 percent of Bebo applications

Commenting on the investment, Sequoia Capital's Jim Goetz said, “Widgetbox and its community are building this business one widget at a time, one domain at a time. Widgetbox's success shows a distributed community of developers and users is a powerful part of the widget ecosystem.”

In 2007, the company closed its series A funding. The amount of the funding was not disclosed. Investors included Sequoia Capital, Hummer Winblad Venture Partners, and Michael Dearing.

About Widgetbox

Widgetbox helps people express, connect, create and inform using web widgets that can be easily shared and distributed anywhere on the web. Widgetbox has the largest selection of web widgets — over 33,000, with 28 million monthly viewers on over 210,000 domains. Widgetbox serves both the developers and consumers of widgets and has the most comprehensive set of tools for the management and distribution of your web widgets. For more
information, please see http://www.widgetbox.com.