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October 24, 2006

Edgeio Closes $5 Million Series A Financing

Michael Arrington

37 comments »

Edgeio, a classifieds listing company that I co-founded last year with Keith Teare, announced a $5 million Series A financing today. The round was led by Intel Capital and also included an investment from Transcosmos. Previous angel round investors (Ron Conway, Jeff Clavier, Claudio Chiuchiarelli, Frank Caufield Jr., RSS Investors, Millenium Technology Ventures, Michael Tanne, Auren Hoffman, Sam Perry, Bill McCabe and Louis Monier) also converted from debt to equity in this round.

I won’t say much more here due to the conflict of interest (I remain on the board of directors of edgeio and am a stockholder). For other coverage, see BusinessWeek, VentureBeat, and Greg Sterling. I’ll add more links here as additional coverage comes in.

Our coverage of the edgeio launch in February is here.

Additional Coverage:
Rex Dixon

  • Sphere It

This entry was posted on Tuesday, October 24th, 2006 at 11:24 am and is filed under Company & Product Profiles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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Comments

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  1. Kai

    October 24th, 2006 at 11:49 am

    Congrats from Sweden

  2. Brian Fioca

    October 24th, 2006 at 12:04 pm

    Congrats and best of luck! I like your tag filters. I’m looking forward to seeing you guys get more critical mass of postings. I think you’re on the right track to making listings much more findable than on craigslist, but I still think there are some unsolved problems with tags that make them tricky to use correctly to filter data (for example, at some point you have to rely on the assumption that the things you want to find are tagged with the synonym you happen to be filtering on) although I think sheer quantities of data tend to lessen some of these problems (through generating common tags, better suggested tags, etc.). I’m looking forward to see how you guys overcome these hurdles, and I like the direction you’re going. Of course, I also think the more exposure to tag implementations (done well) people get, the better.

  3. Mik

    October 24th, 2006 at 12:35 pm

    Nice site if it wasn’t slow - is it suffering from the techcrunch effect?

  4. Garth

    October 24th, 2006 at 12:43 pm

    Maybe now it will be somewhat usefull

  5. dave

    October 24th, 2006 at 12:48 pm

    hey, congratulations - didn’t realize that was your brainchild…i really like it, though i’d love to see you just import every zip code out there (mine doesn’t turn up)…and a much easier to use approach than scouring CL (yes, there really should be more than one CL alternative….)

    looking forward to some cool new features and functions….

  6. aldamiz

    October 24th, 2006 at 1:20 pm

    congrats mike. btw, do you sleep at all?

  7. Keith Teare

    October 24th, 2006 at 2:15 pm

    Thanks Mike

    Shame about your conflict. it would be great if people could hear your full views about edgeio. I’m sure there would be a lot of interest.

    Maybe we should do a panel together at a Techcrunch event sometime.

  8. Steven

    October 24th, 2006 at 2:20 pm

    Congratulations Mike, good luck with the ramp-up.

  9. Patricia

    October 24th, 2006 at 2:25 pm

    yay! congratulations guys!

  10. Vik

    October 24th, 2006 at 2:28 pm

    Mike:

    Do you ever, as an attorney, feel disadvantaged in the world of computer programmers? I’m making my way to the Silicon Valley and at times, I get pretty scared. I’m an attorney, not a programmer. What if something goes wrong with my website and my programmer from India disappears??? What will happen then????? Issues like these keep me up at night :-)

    Do you ever have similar thoughts? And, have you learned any programming languages??? I personally feel that at the age of 26, it’s too late for me to go back to school :-(

    Thanks,
    Vik

  11. BoomSoft

    October 24th, 2006 at 2:35 pm

    Nice idea. I like how the site works but disappointed that there are no entries for Seattle!

  12. Rey

    October 24th, 2006 at 2:50 pm

    Mike, congrats on the funding.

    If you are looking for some constructive criticism, I would say Edgio could definitely improve it’s branding. “Listings from the edge” is a very vague slogan and doesn’t really communicate your value proposition as well as it could. Check out Al Ries book on Internet Branding, you can read the whole thing for free: http://ries.com/books-booklist-book12.php Hope that helps.

  13. Alex

    October 24th, 2006 at 2:57 pm

    Hey Mike congratulations! All the best.

  14. Southland

    October 24th, 2006 at 3:09 pm

    Way to go Edgio!!!

  15. David Mackey

    October 24th, 2006 at 3:20 pm

    Congrats.

  16. Colin

    October 24th, 2006 at 4:00 pm

    Thanks Rey!

    That link contains some valuable information.

  17. Nik Cubrilovic

    October 24th, 2006 at 4:33 pm

    Congrats Keith, Mike and everybody else involved!

    :)

  18. Dorrian Porter

    October 24th, 2006 at 4:59 pm

    Vic - don’t quit law - at least you are paid to worry like that.

  19. Tracy Sheridan

    October 24th, 2006 at 6:04 pm

    Congrats! Well done…

  20. www.edeng.cn

    October 24th, 2006 at 6:34 pm

    Congratulations to edgeio!

    We will work tightly together on the chinese version of edgeio - http://www.mulu100.com

  21. Lo Toney

    October 24th, 2006 at 6:53 pm

    congrats!

  22. Rey

    October 24th, 2006 at 7:13 pm

    No prob, glad you found it useful :)

  23. Joseph Hunkins

    October 24th, 2006 at 9:20 pm

    Congratulations to you and all who have worked so hard on the Edgeio project!

  24. Keith Teare

    October 24th, 2006 at 9:57 pm

    Hi Boomsoft

    Seattle listings are here:

    http://www.edgeio.com/fl/ll~54488-seattle/tt

  25. pwb

    October 24th, 2006 at 10:30 pm

    Can you talk about what kind of traction Edgeio is getting?

  26. Manish Chandra

    October 24th, 2006 at 11:38 pm

    Keith and Mike, Congrats.

  27. Noel McKinney

    October 25th, 2006 at 11:07 am

    Looks nice but really slow, couldn’t get more than two pages to load, acts like it was slashdotted. Not sure about the “Listings from the edge” slogan when it seems like a lot of $1M and up real estate listings, at least in Chicago. Can’t tell what the “edge” is here… something over my head I’m missing?

  28. Alex Brutin

    December 10th, 2006 at 7:52 pm

    Hey Mike and Keith

    Congrats on the funding

    Best

    Alex

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