Wednesday, May 13, 2009

Delve Networks Raising Funding

Seattle-based Delve Networks appears to have scored some initial funding in a new, ongoing venture round, according to a regulatory filing from the firm today. According to the filing, Delve has raised $1.65M out of an ongoing, $11.27M equity funding for its online video publishing tools and services. Source of the funding was not disclosed, however, the firm has previously raised capital from DFJ Frontier, Intel Capital, and Labrador Ventures. Delve Networks said today that it is seeing "record growth" in its business, saying its revenues have increase by 130 percent since the beginning of 2009, although the firm did not reveal any financial details of that growth. More information »