Fatdoor, a neighborhood community platform, today announced the addition of Yahoo! veteran, Jennifer Dulski, to its team. The company also announced that it has secured $5.5 million from an investment group led by Norwest Venture Partners (NVP) and also including KeyNote Ventures. Fatdoor will use this first institutional round of funding to expand its market presence, scale its infrastructure and further build out the companyâ€™s innovative, community offerings.
Fatdoor began testing its service through an alpha site open in Silicon Valley earlier this year. It will continue that alpha with existing users and incorporate the feedback and recommendations it gathers for the public launch, which is planned for spring of 2008.
As part of the investment, Sergio Monsalve will join Fatdoorâ€™s board of directors.
Originally posted on November 14, 2007 @ 11:33 am