RSS-Based News Search Engine Feedster Receives Financing

Authored by Mark Hefflinger on December 10, 2004 - 3:11am.

San Francisco -- Feedster, a news search engine that delivers results from over 1 million RSS and weblog syndicated sources, announced that it received an undisclosed amount of funding from Omidyar Network, a venture capital firm created by eBay founder Pierre Omidyar. The company has also received funding from members of the New York Angels. Feedster culls its results from 50,000 professional news sources, including The New York Times, BBC and CNET, in addition to hundreds of thousands of independently-produced news websites, and sorts the results by source type. The company recently teamed with WashingtonPost.com to facilitate the selection of nominees for that site's "The Best Blogs -- Politics & Elections 2004 Readers' Choice Awards." "We recognize that Feedster is fulfilling a need in the marketplace by delivering more relevant information from individual commentary, blogs, and edited news sources," said Doug Solomon, vice president of investments for Omidyar Network. "By leveling the playing field between consumers, web services developers, traditional media publishers and organizations, Feedster enables the public to create a richer, more diverse and connected exchange of information."
http://feedster.blogs.com/corporate/press_releases/index.html
http://www.omidyar.net