MetaWeb Raises Another $42M in Venture Capital
MetaWeb has raised another $42M in Venture Capital, which makes for a total of $57M in VC funding since the company launched:
The two firms have invested in a $42.4 million second round of capital for the company, VentureBeat has learned. The company could not be reached for comment. A partner at Benchmark was reached, but he declined comment. This follows a $15 million investment two years ago. Besides Benchmark, the earlier investors also include Millennium Technology Ventures and Omidyar Network.
What in the world are you going to do with $42M in VC? Probably compete with Google I would imagine. For that much cash your exit strategy needs to be very big!