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Gnip Raises $3.5 Million

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Nov 4, 2008 

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Kathleen  |

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Gnip Raises $3.5 Million

ADOTAS – Data-sharing shop Gnip has raised $3.5 million. Foundry Group, First Round Capital and SoftTech VC participated. Gnip raised $1.1 million earlier this year.

Gnip helps other Web services (primarily sites with social elements) share information provided by users. Content distributors (like Digg, Twitter, etc.) and content consumers (like Plaxo) benefit by having a single dumping (or scavenging) ground for their data and a simple way to get to it.

Tags: finance, gnip, interactive-advertising, social-media-marketing, social-networking, venture-capital and venture-financing

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