George S. May Business Blog

Seeking Alpha pulls in $7 million in their second round of funding

Financial information and analysis website, Seeking Alpha, has managed to raise $7 million in their second round of funding, PaidContent reports. The leading investor was DAG Ventures along with existing Seeking Alpha investors Accel Partners and Benchmark. David Jackson, Founder and CEO, said in an email to PaidContent that the cash will “support the [site's] innovation and growth plans for the coming years.”

I would like to extend a ‘Kudos’ to Seeking Alpha and any company, for that matter, that is able to raise such great funds amidst our wilted economy.

Related posts:

1. Ustream gets $75 million in funding Live-video streaming service, Ustream, just announced that they are set to recieve a $75 million venture capital boost from Japan’s Softbank. The Silicon Valley company said that...


2. Chrysler turns down further government funding as executives refuse to limit their own pay A report from the special inspector general’s office overseeing the use of rescue funds given to Detroit automakers, came out today revealing that Chrysler Financial...


3. Penske pulls out of GM deal Is Saturn done forever? We knew that there were issues surrounding the deal and certain inconsistencies, in reference to plans for the future of Saturn and its ownership,...


4. California seeks $200 million from fraudulent bank It is well known in California that working for the state has its ups and downs. Whether you are a teacher or work for the...


5. Citi, expecting the enforcement of new credit card regulations, raises the rates of 14 million cards Taking advantage of the slow process of getting Federal laws into place that will limit the banks in raise the rates on customers who hold...