Collecta Raises Additional $4.7M in Equity Funding

Collecta, a Los Angeles, CA-based real-time search engine which allows partners to include results from blogs, microblogs, news feeds and photo sharing services on their web sites, has raised $4.7m in equity funding.

The round was led by new investor Dace Ventures, with participation from existing investor True Ventures and other individuals.
The company will use the capital to expand its team and content distribution partnerships with content providers, publishers and advertisers.
Collecta flows customized data to partners through widgets, multiple APIs, and its Site Search Platform.
The company’s real-time platform is based on the open messaging standard XMPP, which is capable of shooting information instantaneously in a continuously updating stream of results. It brings together real-time content from a network of more than 15 million content sources – including Twitter, WordPress, MySpace, Examiner.com, Flickr, The Associated Press, CNN, Reuters, MySpace, and others.

FinSMEs

10/06/2010

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