Wetpaint Secures $25 Million in Series C Funding

05/20/2008

Deal In Brief

Wetpaint, a social publishing platform, has secured $25 million in Series C round of venture funding co-led by DAG Ventures with another financial investor. Existing investors Accel Partners, Trinity Ventures, and Frazier Technology Ventures also participated in the funding round.

Deal Value (US$ Million) 25
Deal Type Venture Finance
Sub-Category Growth Capital/Expansion
Deal Status Completed: 2008-05-19

Deal Participants

Target (Company) Wetpaint.com, inc.
Acquirer 1 (Firm) Frazier Technology Ventures
Acquirer 2 (Firm) Trinity Ventures
Acquirer 3 (Firm) Undisclosed Investor
Acquirer 4 (Firm) Accel Partners
Acquirer 5 (Firm) DAG Ventures

Deal Rationale

Wetpaint would use the funds to accelerate the adoption of its social publishing platform and execute on its vision of making every site on the Web socially published with users empowered to create, collect, and organize content together.