meebo Inc. Continues Strong Growth and Secures Series B Funding Led by Draper Fisher Jurvetson
Original link of article can be found here.
Past coverage about Meebo from TechAddress can be found here.
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–meebo, Inc., the popular web-based instant messaging (IM) provider, today announced that over the past three months the company doubled registered users to more than one million, collaborated with leading platforms for distribution and secured $9 million in funding from venture capital firm Draper Fisher Jurvetson (DFJ). The investment is a Series “B” round of funding for meebo and includes previous investor Sequoia Capital. Tim Draper, DFJ Founder and Managing Director, joins meebo’s board of directors.
meebo continues to catch on with new users across the globe. After announcing 500,000 user-accounts just three months ago, meebo doubled its registered users to 1 million; including 4.5 million unique screen names signing-in monthly. Additionally, meebo has more than 1.2 million daily logins and exchanges 75 million messages per day with average sessions of 70 minutes. On the business development front, meebo continues to collaborate with leading web platforms including Windows Live Spaces, netvibes, WordPress and SixApart as well as social networks Amie Street, Traineo, ChickAdvisor and Schmedley.
“It’s been an incredible year for meebo. In addition to securing this new round of funding and forming some great distribution relationships, we’ve also expanded our user base. With more than a million daily logins and users spending more than 165 years with us every day, meebo is quickly becoming the place to be for instant communication on the web,” said Seth Sternberg, CEO and co-founder, meebo. “We are thrilled to have Tim and DFJ on board, and with past successes like Hotmail and Skype, they have shown a knack for building disruptive communications companies.”
meebo is a web-based instant messaging service that allows users to access all of their IM buddies from any computer with a web browser, anytime, anywhere. Using AJAX technology, meebo creates a “software-like” experience on the web, requiring no software downloads or installs. Known for engaging their large user base in site development and refinement, meebo encourages feedback from users and built a simple and highly-robust platform to address changing IM needs.
“We see in meebo the same qualities we’ve seen in our past successful investments: viral growth, passionate users, defendable technology and a super-dedicated team,” said Tim Draper, Founder and Managing Director, Draper Fischer Jurvetson. “meebo is positioned to completely change the communications game on the web.”
meebo Expands its Platform
Since launching in September 2005, the company has expanded and built upon its core platform. Some recent highlights include:
meebo and the meebo meTM widget work with Internet Explorer, Firefox, Safari and almost any other web browser. The meebo services are free. For more information visit www.meebo.com.
About meebo Inc.
meebo is the first Web-based instant messaging service that gives users, no matter where they are, a hassle-free way to connect to every major instant messaging service using only a browser. With meebo, there is no need to download and run multiple software products. meebo’s investors include Sequoia Capital, Draper Fisher Jurvetson and other individual investors. More than 1,200,000 meebo sessions are initiated daily. The company is based in Mountain View, CA, and offers its free service at www.meebo.com.
About Draper Fisher Jurvetson
Draper Fisher Jurvetson is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and approximately $4 billion in capital commitments. DFJ’s mission is to identify, provide capital for, and serve extraordinary entrepreneurs anywhere who want to change the world. Over the past twenty years, DFJ has been proud to back approximately 300 companies across a myriad of sectors including such industry changing catalysts as Hotmail (acquired by MFST), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Interwoven (IWOV), 411 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID).
Entry filed under: Instant Messege, internet, meebo, online, online business, online community, startup, startups, Technology, Technology and Gadgets, venture capital, wablet, web 2.0, Web 2.0 technologies, yahoo instant messenger.