Technorati received a $10.52 million investment in June from Draper Fisher Jurvetson and Mobius Venture Capital. The investment was revealed in a SEC filing on June 22 and made public on Monday. VentureWire reported the investment in its popular newsletter this week.
Technorati took an angel round of investment in the summer of 2003 from a few individuals including Esther Dyson and Joi Ito and used the money to turn a side-project into a full-time business. In August 2004 Technorati took additional funding and board members, investing in servers and a new colocation center while bringing on additional staff members, growing the company from 5 people and what I call “the back of the liquor store colo” to over 30 people with servers hosted in a former tank factory.
The latest round will most likely be used to continue Technorati’s growth in hardware and personnel as the blogosphere expands and Technorati attempts to index it all and discover new content sources overseas.
If you are interested in details of Technorati’s past funding processes check out the 106 Miles talk by founder and CEO Dave Sifry from February 2005. Dave specifically mentions the VC process about 34 minutes into the talk. You won’t hear much from Technorati about the round since Dave likens funding announcements to proclaiming your latest levels of debt.