Zemanta Raises $3 Million From Union Square, Eden, To Help You “Blog Smarter”

Thursday, 18 November 2010 16:21

Zemanta Raises $3 Million From Union Square, Eden, To Help You “Blog Smarter”

E-mail

Rate this item

(0 votes)

Exclusive – Zemanta, which assists bloggers by providing tips, suggesting content and helping them promote their contributions to the world, has recently secured its largest venture capital round to date. Previous investors

Union Square Ventures and Eden Ventures have injected another $3 million into the European startup, bringing its total of capital raised since its inception to roughly $6 million.

The startup, which won Seedcamp back in 2007, says it now expects to be able to reach profitability without the need for further capital injections.

Zemanta has witnessed a strong surge in users this year, cofounder and CEO Boštjan Špeti? tells me. Aided by partnerships with blogging platform juggernauts WordPress and Blogger forged last Summer, the company has logged 100,000 active users last month, which is 10x what it saw a year ago. Špeti? also tells me Zemanta delivers a staggering 1 million recommendations on a daily basis these days.

The fresh funding will be used for ramping up sales and marketing efforts, and new and better products for bloggers. A demo of its capabilities can be found here.