Thursday, June 2, 2011

German Media Giant Burda Puts $5.6M In Twitter Application Developer UberMedia

Bill Gross' UberMedia has announced a $5.6 million investment from German media giant Burda Digital through its investment arm, DLD Ventures. This brings UberMedia's total funding to $26.6 million. UberMedia actually just raised a healthy $17.5 million earlier this year, so Burda's cash is also a strategic investment. The company has made investments in Xing, Etsy, Glam and other well-known technology companies. UberMedia says the investment will be used to further the growth of UberMedia?s user base both in the U.S. and internationally.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/6PCp_vFD8JM/

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