Meebo is a Mountain View, CA-based online sharing platform. Its core offering centers on web check-ins that let visitors check in to their favorite sites and share online discoveries with friends or people with similar interests. The company recently launched the Meebo MiniBar browser extension, which enables people to take Meebo across the entire Internet, check in and stay connected while browsing the Web. Meebo intends to use the new funding to further develop its web check-ins. The company closed a $27.5m Series D, bringing total funding to $70m. Meebo was founded in 2005. Meebo is a web chat startup offering web-based chat services. The company abandoned efforts to sell earlier this month and instead focused on raising capital. It closed a funding round reportedly raising about $25 million at a roughly $200 million valuation. The financing was worked on with investment bank Montgomery & Co. Meebo had negotiated with strategic partners including eBay, Fox/MySpace and AOL to join the round, but none of those companies invested. Prior to this round the company had raised $12.5 million from Sequoia Capital and Draper Fisher Jurvetson. meebo provides browser-based access to a user's buddies across major IM networks including MSN, AIM, ICQ, Yahoo!, Google Talk and Jabber. The core product enables users to sign into their IM accounts from any Internet-connected computer. The company is exploring new monetization approaches and explicitly wants to move away from its existing 'punch the monkey' ad banners. meebo has plans to expand into the mobile market. Financially, the company has raised institutional venture capital to support growth. Recent financing activity includes investments from Sequoia Capital and Draper Fisher Jurvetson. Meebo confirmed on its blog that it received funding from Sequoia Capital. The company did not publish detailed terms publicly. Reportedly the pre-money valuation was $9 million, not the $10 million previously reported. Sources assume the investment amount was in the $3–$4 million range. The blog post offered congratulations to everyone involved. No additional financial or operating details were disclosed in the article.

Total raised

$65M

Funding rounds

4

Latest round

Series D

Latest activity

Dec 2010