Meebo grabbed $9 million

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Pretty great for a small multi-IM start-up (pictured). Meebo closed its second round of funding by big bucks — $9 million. The first round was led by Sequoia Capital while this round was led by Draper Fisher Jurvetson. Tim Draper, managing director of Draper Fischer Jurvetson, will join Meebo’s board of directors, and the money will be used to consolidate (and skyboost) its position in the market of multi-protocol IM platform.

Meebo sees three ways to turn the free service into a money maker: advertising; revenue sharing with wireless carriers; and the sale of “digital trinkets.”

Currently, Meebo is doing well compared to its competitor, E-Buddy.net and PalTalk, which user bases respectively growed by 7% and 72% according to ComScore Media Metrix.

Jan 19, 2007 | By Nuno

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