Social Media Blog

Looks like Digg has a new round of funding.  Kevin Rose may have cashed in on this round.

Digg has raised $28.7 million in a Series C round of funding. The company made the announcement earlier this morning. Highland Capital Partners is leading the current round, which will see Highland partner Richard de Silva join Digg’s board of directors.

Well deserved - these social media sites deserve funding if they make it this far and show a business model as strong as that of Digg.

This story was posted on Wednesday, September 24th, 2008 at 8:25 pm in category Social Media News. rss feed for this story RSS 2.0. You can leave a response, or trackback from your own site.