Metaweb Technologies, Inc. Receives $15 Million of Financing From Benchmark Capital, Millennium Technology Ventures and Omidyar Network Founded by Danny Hillis and Applied Minds, Inc., Metaweb Is Building the Next

Infrastructure for the Web



    SAN FRANCISCO, March 14 /PRNewswire/ -- Metaweb Technologies, Inc.,
 announced today that it has received $15 million of funding.  Led by Benchmark
 Capital, other investors in the round included Millennium Technology Ventures,
 Omidyar Network and prominent individuals.  As part of the financing, Kevin
 Harvey from Benchmark Capital joined Metaweb's board of directors.
     Danny Hillis, chairman of Metaweb, remarked, "We are delighted to receive
 financing from investors who share our long-term vision to fundamentally
 change how information is stored, organized and shared online." Mr. Harvey
 noted, "My partners and I are very excited to be working with the Metaweb
 team.  This is a disruptive technology that puts a lot of power into the hands
 of individuals." Doug Solomon, vice president at Omidyar Network, Pierre
 Omidyar's mission-based investment group, said, "Metaweb enables individuals
 to pursue what matters most to them and dramatically expands their role in
 enhancing the value of online information."
 
     About Metaweb Technologies, Inc.
     Founded in 2005, Metaweb Technologies, Inc. is headquartered in San
 Francisco, California and is backed by Benchmark Capital, Millennium
 Technology Ventures, Omidyar Network and other prominent investors. For more
 information on Metaweb Technologies, Inc., please visit
 http://www.metaweb.com .
 
     About Benchmark Capital
     Benchmark Capital was founded in 1995 to help talented entrepreneurs build
 great technology companies. Benchmark's partners take a team-oriented,
 labor-intensive approach to venture investing to deliver a superior level of
 service to the firm's portfolio companies. Benchmark's portfolio includes
 franchise companies such as eBay, Equinix, Handspring, JAMDAT, Juniper
 Networks, Red Hat, and ZipRealty. Managing more than $3 billion in committed
 venture capital, Benchmark focuses on investing in entrepreneurs with original
 ideas. For more information on Benchmark, visit its website at
 www.benchmark.com.
 
     About Omidyar Network
     Omidyar Network is a mission-based investment group committed to fostering
 individual self-empowerment on a global scale. Established in June 2004 by
 Pierre and Pam Omidyar, the Network is founded on the simple core belief that
 every individual has the power to make a difference. Omidyar Network funds
 for-profits and nonprofits that promote equal access to information, tools and
 opportunities; connections around shared interests; and a sense of ownership
 for participants. To date, Omidyar Network has created a diverse portfolio
 that fosters individual self-empowerment across the economic, political and
 social realms, with investments in areas such as microfinance, open source,
 citizen journalism and collaboration in the sciences. Through its work,
 Omidyar Network intends to catalyze a new breed of business for which social
 impact directly drives profitability. To learn more about Omidyar Network and
 the organizations it has funded, please visit http://www.omidyar.net .
 
      EDITORIAL CONTACTS:
      Stephanie Gnibus
      GMK Communications for Benchmark Capital
      408-776-9727
      stephanie@gmkcommunications.com
 
 

SOURCE Benchmark Capital

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