Recommendation Engine StumbleUpon Stumbles Onto $17M From Accel And Others
Recommendation engine StumbleUpon has just announced a $17 million Series B round of funding, from Accel Partners, DAG Ventures, First Round Capital and Sherpalo Ventures.
Said StumbleUpon CEO Garrett Camp,
“With this new investment, we will make it even easier for people to find interesting and relevant content on the Web, whether they are on their desktop, mobile device or even TV.”
StumbleUpon has had an interesting history, being snatched up by eBay in 2007 and then bought back by its founders for a rumored $29 million plus in 2009. Currently the service has 14 million users and now serves up over 800 million “Stumbles,” or recommendations, a month.
This is counting as its second round of funding, in addition to a pre-eBay $1.5 million seed round in 2005, and the seed investment of founder Garrett Camp, Geoff Smith, Ram Shriram, Accel Partners and August Capital after they bought the company back in 2009.
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