Social Networking Platform Lithium Technologies Gets $12M

Authored by Mark Hefflinger on June 30, 2008 - 7:09am.

Emeryville, Calif. - Lithium Technologies, the provider of a platform that lets businesses create their own social networks and online communities, announced on Monday that it has raised a $12 million second round of financing, led by Benchmark Capital.

Benchmark joins Emergence Capital and Shasta Ventures, which co-led a $9 million first round of financing in April 2007.

Founded in 2001, Emeryville, Calif.-based Lithium provides its services to clients including AT&T, Dell, Sony PlayStation, Univision and PayPal.

The company will use the funds for expansion and product development.

 

Related Links:
http://www.lithium.com/events/press/39

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