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