Newark, Calif. - Connectbeam, a provider of social networking software for businesses, announced on Tuesday that it has raised $3.5 million in its first round of venture capital financing, led by Gabriel Venture Partners and Startup Capital Ventures.

Launched in June 2006, Newark, Calif.-based Connectbeam provides Web 2.0 tools such as social bookmarking and social networking to businesses.

Related Links:
http://connectbeam.typepad.com/blog/2007/07/connectbeam-ann.html

http://tinyurl.com/2ukyv6 (TechCrunch)