Wiki Wetpaint raises $9.5M

Wikis are no longer solely the domain of software developers who used the collaborative technology to write code.

As evidence to that is the funding announcement today that Seattle-based Wetpaint has raised $9.5 million in Series B funding led by new backer Accel Partners and from existing investors Trinity Ventures and Frazier Technology Ventures. You can read the company’s press release here. The company has now raised nearly $15 million in two rounds.

Sure, Wikipedia is a household name, But what remains to be seen is whether there’s money to be made doing business with the “open editing” technology. Wetpaint offers its creation and hosting services to users for free and hopes to make bank on generating revenue from online ads.

Wetpaint’s funding announcement follows last month’s news that Amazon.com invested $10 million into Wikia Inc., the for-profit wiki site founded by Wikipedia founder Jimmy Wales.