Tuesday, January 20, 2009
Geni, Yammer Both Raise Funding
West Hollywood-based Geni, and instant messaging spinout Yammer have both raised $5M in funding from the firms' existing backers, Charles River Ventures and the Founders Fund, according to regulatory filings and reports. Geni is a high profile, family social networking and genealogy site headed by former Paypal co-founder David Sacks, and Yammer is the Twitter-like instant messaging spinout of Geni, focused on businesses. The details of the Geni funding were first reported by PEHub; with details on Yammer's latest round reported on TechCrunch this morning. Requests for comment to the firm's management were not returned Monday. Geni and Yammer have both been fundraising since the middle of last year.