Financial Blog Seeking Alpha Finds $7 Million in Funding

Authored by Mark Hefflinger on December 2, 2009 - 8:11am.

New York - Seeking Alpha, an online publisher of stock market-related opinion and analysis content, announced on Wednesday that it has raised $7 million in new financing, led by new investor DAG Ventures.

Previous backers Benchmark Capital and Accel Partners also participated in the round, proceeds from which will be used to support innovation and growth plans.

New York-based Seeking Alpha was founded by David Jackson, a former technology research analyst with Morgan Stanley.

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