San Francisco
- Widgetbox, a provider of Web-based widget application development and
distribution tools, has raised $8 million in its second round of venture
capital financing, led by Northgate Capital, TechCrunch reported.
Sequoia
Capital and Hummer Winblad also participated.
San Francisco-based Widgetbox's
service has been used by over 20,000 developers, and hosts nearly 34,000
widgets.
The company claims that 15% of Facebook applications, and 60% of Bebo
applications have been created using its service.
Widgetbox will use the funds for
marketing, to scale operations, and to develop its revenue-sharing program.
Related Links:
http://snipurl.com/1you4
(TechCrunch)
http://www.widgetbox.com
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