Meebo gets up USD 20 000 000; Matt to feed his hat

VentureBeat founder Matt Marshall would compose this post but he’s fussy acquiring ready to feed his hat.

Last days, we erudite that instant message company Meebo was doing work on elevating a round that would value it at up to USD 250 000 000. At the clip, Marshall pent: “I’m rather ready to feed my hat, if this funding occurs,” because corner concerns have got investors more interested about putt money into companies like Meebo that are still doing work extinct their revenue models.

Good, the funding seems to have passed. The Mount View, Caliph.-based company has lifted USD 20 000 000 on a USD 200 000 000 rating, harmonizing to TechcrunchMontgomery & Co. Earlier this narration bust, a Meebo representative had got got hold of us to allow us cognize that it has an declaration for tonight — that I presume is this funding intelligence. We’ll maintain you updated.

Rumors that the round was drawing near closing have been persisting the company since earliest this days. Meebo held spoken to some companies about merchandising, from what we’ve got wind, but or else it latterly leased a chief revenue officer to assist it get money on its own. The company is trying out with ads that look inside its assorted instant message service, letting in ads that look on its IM collection service on its home site, as good as in its chat suite that you can implant on former land sites.

The funding, if dead on target, sets Meebo among the category of Silicon Vale consumer web companies that likewise have lots of millions of exploiters, but Don’t get so a lot of millions of dollar bills. This is a tendency we’ve been composition about for a figure of calendar months, most notably beginning with widget-maker Slide’s USD 50 000 000 round in December (proclaimed in January) that precious it at USD 550 000 000. Some early web companies still buffeting the street: Slide rival RockYou is likewise on the face of it doing work on a round, as is messaging service Twitter; meanwhile, social network Digg is quietened peradventure locomoting to deal for a duet hundred 000 000. Of class, when it comes up large amounts of web funding, Meebo is overshadowed by social network Almighty Ning’s recent USD 60 000 000 round and the USD 430 000 000 embossed

Meebo has antecedently embossed USD 12.5 000 000 from Draper Fisherman Jurvetson and Redwood Capital