Feedster Closes Series A Financing

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Feedster, Inc., a rapidly growing Internet search engine and advertising network for blogs and RSS feeds announced today it closed a Series A round of venture financing. The investment was led by Selby Venture Partners, a leading early-stage venture firm in Silicon Valley, with additional funds from existing investors Omidyar Network, members of the New York Angels, and prominent angel investors.

Feedster, Inc., a rapidly growing Internet search engine and advertising network for blogs and RSS feeds announced today it closed a Series A round of venture financing. Feedster will use the money to accelerate development and marketing and greatly expand its server infrastructure in order to serve searchers and customers better.

The investment was led by Selby Venture Partners, a leading early-stage venture firm in Silicon Valley, with additional funds from existing investors Omidyar Network, members of the New York Angels, and prominent angel investors. Feedster’s angel investors include Kevin Hartz, co-founder of Xoom, Joe Kraus, co-founder of Excite and Jotspot, Josh Kopelman, founder of Half.com, Scott Kurnit, founder of About.com, Mark Pincus, founder of Tribe.net and Support.com, and Narendra Rocherolle, founder of Webshots.

"As Feedster continues to grow from early adopters of our blog and RSS search technology to the broader market, we need to expand our team and infrastructure to meet market demands,” says Scott Rafer, Feedster president and CEO. "This new round of funding allows us to quickly deploy enhanced features for ad delivery, search, and content syndication.”

“The rapid emergence of blogs and RSS as a new publishing media shows great potential value for publishers, marketers, financial businesses, and news,” says Marco DeMiroz, a Managing Director of Selby Venture Partners. “Feedster is already a market leader in blog search and content syndication. With this round they will further distance themselves from the field to solidify their leadership.”

About Selby Venture Partners

Selby Venture Partners (http://www.selbyventures.com), founded in 1998, is a leading early stage venture firm located in Menlo Park, California. Selby invests in seed and early stage companies developing next generation software, services and components for the Internet, communications (wireless and wireline), consumers, and corporate IT sectors.

About Feedster

Feedster (http://www.feedster.com) is a rapidly growing Internet search engine and advertising network that searches the Web for user-defined information from blogs, news, classified listings, and RSS. Feedster provides a fresh index across over eight million sources several times per hour, adding millions of new documents daily. In April 2005, Feedster launched the Feedster Media Network, a blog and RSS advertising network. Applying its proprietary search technologies, Feedster is redefining targeting, timeliness, and relevancy for ad contextualization and delivery. For large publishers, the company’s content management and developer platform powers content syndication for targeted vertical categories such as technology for Slashdot, sports for Boston.com, jobs, products, politics, and rich media feeds. Feedster is privately funded by Selby Venture Partners, Omidyar Network, New York Angels, and a number of well known online industry executives.

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Beverly Parenti
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