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Article: StatusNet Closes $875K Seed Financing Round.(Company overview)

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Marketing Weekly News
Article date:
November 14, 2009
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StatusNet, the company that develops an Open Source micro-blogging platform, has completed an $875,000 financing round. Investors include local venture capital groups Montreal Start Up and iNovia Capital as well as European angel investor Oleg Tscheltzoff of Fotolia.com.

"We're excited by the opportunity for growth this investment brings," says Evan Prodromou, CEO of StatusNet Inc. "We plan to use this capital to build the sales, support and marketing power needed to take our software and services to the marketplace."

Founded in 2008, StatusNet develops the software that runs hundreds of micro-blogging sites across the Web, including the popular ...

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