White Label Social Net Lithium Gets $12 Million Second Round
By Rafat Ali - Mon 30 Jun 2008 07:33 AM PST
Lithium Technologies, an Emeryville, CA-based provider of white-label social networking tools, has raised $12 million in its second round funding, led by Benchmark Capital. Benchmark joins Emergence Capital and Shasta Ventures, which co-led a $9 million first round in April 2007.
The company, which has been around for almost seven years now, has been working with clients such as AT&T (NYSE: T), Comcast (NSDQ: CMCSA), Dell, Sprint (NYSE: S) and others to power their online community. The technology was originally created as part of online gaming portal Gamers.com. CEO Lyle Fong and his brother Dennis co-founded Gamers.com and its parent, GX Media, which raised $15 million from investors including CMGI in 1999.
Posted in: Social Media, VC+M&A, Venture Capital
Tags: lithium technologies, emergence capital, shasta ventures, benchmark capital,
