Report: Web IM Service Meebo Looks to Raise $25-$30 Million

Authored by Mark Hefflinger on March 18, 2008 - 7:12am.

Mountain View, Calif. - Meebo, the provider of a Web-based instant messaging service that allows cross-messaging between AIM, Yahoo and other services, is looking to raise $25-$30 million in new venture capital financing, VentureBeat reports.

The story cites multiple sources saying that the company will be valued at between $200 million and $250 million -- which is quadruple its valuation in a round raised last year.

The company has reportedly hired the bank Montgomery & Co. to facilitate deals, and is rumored to have attracted interest from Facebook and MySpace.

Mountain View, Calif.-based Meebo currently counts 29 million monthly unique users.

The company also offers services like Meebo Rooms, or Web-based chat rooms, which have been integrated into many technology conferences for real-time audience feedback.

 

Related Links:
http://snipurl.com/221gx (VentureBeat)

http://www.meebo.com

tags: Deals | VC | Social Networking | IM | Meebo |


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