Financial information and analysis community Seeking Alpha announced that it has recently closed a Series B round of financing to the tune of $7 million, led by first-time investor DAG Ventures with participation from existing investors Benchmark Capital and Accel Partners.
Seeking Alpha also inked a content partnership deal with Nasdaq.com, under which terms it will deliver opinion pieces from its now 3,272 contributors and timely news products like MarketCurrents and Wall Street Breakfast. You can see the integration in effect here and here.
Seeking Alpha scored its first similar major content partnership agreement with Yahoo Finance around the time that it secured its first round of funding from Benchmark and Accel.
The company also informed us that Instablogs, its blogging platform customized for finance that was launched in May 2009, recently crossed 2,000 publications from financial advisers, portfolio managers, newsletter authors, data providers and economists alike. According to PaidContent, Seeking Alpha claims more than 4 million monthly uniques based on internal Google Analytics stats.
On a sidenote: it seems like there’s renewed interest from investors in innovative companies in the stock market analysis and discussion space: we earlier today reported that StockTwits scored another $3 million in funding from True Ventures and Foundry Group.
