Digg Secures $28,700,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=562a0e0e-f2ae-4e85-96d0-61b08be105b3&Preview=1
Publish Date
9/25/2008
Company Name
Digg
Mailing Address
1576 12th Ave San Francisco, CA 94122
Company Description
Digg is a user driven social content website. Ok, so what the heck does that mean? Well, everything on Digg is submitted by our community (that would be you). After you submit content, other people read your submission and Digg what they like best. If your story rocks and receives enough Diggs, it is promoted to the front page for the millions of visitors to see.
Website
http://www.digg.com
Transaction Type
Venture Equity
Transaction Amount
$28,700,000
Transaction Round
Series C
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Highland Capital Partners
Venture Investor
Undisclosed