Congratulations to the Clearspring Team

Posted on May 21, 2008
Filed Under NewsGator, NewsGatorWidgets |

Clearspring announced that they have closed a $18m series C round of financing. This is not only great news for Clearspring but the entire sector as well.

Another hefty late stager: Widget analytics and distribution firm Clearspring has raised an $18 million third round led by New Enterprise Associates. Past backers including Novak Biddle Venture Partners also participated. The McLean, VA-based company has now raised $35 million, including two previous institutional rounds and a seed round.

[From Widgeteer Clearspring Gets Its Big $18 Million Third Round | paidContent.org]

Despite a broad tailing off of financing in the web 2.0 space, widgets remain a bright spot.

- NewsGator raised a $12m funding round in Dec 2007.

- Gigya closed a round in March 2008.

- Widgetbox completed a $8m series B in Jan and Hummer Winblad partner Will Price joined as CEO.

- Sprout announced a $5.5m series B just last week.

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