Lithium Gets $12 Million Second Round
PAID CONTENT -- June 30 -- Lithium
Technologies, a provider of white-label social
networking tools, has raised $12m in its second round funding,
led by Benchmark Capital. Benchmark joins Emergence Capital and Shasta
Ventures, which co-led a $9 million first round in April 2007. The
company, which has been around for almost seven years now, has
been working with clients such as AT&T, Comcast, Dell, Sprint and
others to power their online community. The technology was originally
created as part of online gaming portal Gamers.com. CEO Lyle Fong and
his brother Dennis co-founded Gamers.com and its parent, GX Media,
which raised $15m from investors including CMGI in 1999. FULL ARTICLE @ WASHINGTON POST









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