Thursday, October 18, 2007

SocialMedia Networks Links Into $3.5M

Mill Valley-based SocialMedia Networks said yesterday that it has raised $3.5M in a Series A venture round. The investment was led by Charles River Ventures, and also included Netscape co-founder Marc Andreessen and investor Jeff Clavier of SoftTech VC. SocialMedia Networks provides software tools for building applications for Facebook and Myspace, along with its own advertising network. Jeff Clavier had disclosed SoftTech's investment in the firm last month, although he did not disclose financials of the deal. More information »