Wednesday, November 29, 2006

Biggerboat Raises Second Round of Funding

Los Angeles-based BiggerBoat has raised a second round of financing, according to CEO Adam Lilling. The new round was worth more than $2.5M, and included new investor Draper Associates and an investment by Tim Draper. Other investors in the round include existing investors Zone Ventures and First Round Capital. In an interview with socalTECH, Lilling said that the company has now raised enough money to go cash flow positive. BiggerBoat is now working with publishers who are using the firm's technology to drive comparison shopping and other features, and is both growing its consumer destination sites and services for publishers. According to Lilling, the firm will also be adding more verticals, including video games, television, and more data into its search database, which current provides information on movies and music. Lilling did not disclose the full amount of the funding, but said that the amount was north of $2.5M. The round comes in addition to funding the firm received last year from Zone Ventures and First Round Capital. More information »