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Social Content Web Site Digg Secures $2.8 Million Series A Funding; Greylock and Omidyar Network Join High-Profile Angel Investors in First Round of Funding for Pioneers of Popular Internet Community.

Publication: Business Wire
Publication Date: 31-OCT-05
Format: Online - approximately 984 words
Delivery: Immediate Online Access

Article Excerpt
SAN FRANCISCO -- Digg, Inc., a pioneering Web community that enables the mass Internet audience to prioritize news and content, today announced that it has closed an initial round of funding in the amount of $2.8 million led by Greylock Partners with Omidyar Network and several angel Marc Ron...

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...investors, including Andreessen, Reid Hoffman, Conway, Mike Maples, Jr. and Al Avery. Proceeds from this round of funding will be used to expand Digg's San Francisco headquarters, hire additional developers, and enhance the infrastructure supporting the Digg Web site to accommodate the site's strong growth. As a part of the funding, David Sze, a partner at Greylock Partners, will join Digg's Board of Directors.

Digg has developed a large community that allows users to submit any Internet content (news, blogs, commercial offerings, etc.) for review. Then, based on whether the community likes, or "diggs," the content, it...

NOTE: All illustrations and photos have been removed from this article.



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