Lithium, which sells social networking software to businesses, raises $9M
Summary
Lithium Technologies, an Emeryville, Calif. company that sells software to companies to help them build online communities with their customers, said it has raised $9 million in a first round of financing. The six-year-old company has been bootstrapping until now, and has won customers like Cingular, Comcast, and Dell. The round was co-led by Shasta Ventures and Emergence Capital Partners. Ravi Mohan, of Shasta Ventures, and Gordon Ritter, of Emergence Capital Partners join the company’s board. Among Lithium’s community offerings are forums, social networking and chat.
Funding
Amount
$9.0M
Total raised
Date
April 17, 2007
Announcement date
Investors
Shasta Ventures, Emergence
Lead investors
Company
http://www.lithium.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Lithium Technologies
$50M to $100M