Kevin Rose’s Digg today received $28.7 million in additional funding from Highland Capital Partners, Greylock Partners, Omidyar Network and SVB Capital. The additional funding brings the total amount raised by Digg to $40 million.
The new funding would allow Digg to pursue its international expansion plan, promote its brand aggressively, and more than double its current size of employees.
The new funding should also put to rest any rumors of acquisition.
“We want to be independent,” Digg CEO Jay Adelson said.
Originally posted on September 24, 2008 @ 3:36 pm
Steven Finch says
Im interested to see that Digg has a much decreased price tag. Over at Crenk we previously wrote a short article about why they cant sell!! http://crenk.com/digg-why-the-hell-cant-they-sell-their-company/