Widgetbox Closes $8 Million in Series B Funding

Largest Widget Community Reaches 28 Million Monthly Unique Viewers, 340

Million Monthly Widget-Views, Across 210,000 Domains

Jan 31, 2008, 00:00 ET from Widgetbox

    SAN FRANCISCO, Jan. 31 /PRNewswire/ -- Widgetbox(TM) announced today it
 has closed its series B funding, raising $8 million from investors Sequoia
 Capital, Hummer Winblad Venture Partners, NCD Investors, and private
 investor, Michael Dearing. The new funding will be used to build products
 and services for its large and growing community of developers and
 consumers including the expansion of DevShare(TM), the company's revenue
 sharing program with developers.
     Widgetbox operates the largest distributed community of widget
 developers and consumers, which includes:
-- 26,000 widget developers -- 33,000 widgets in the gallery at http://www.widgetbox.com -- 12 million daily widget-views -- Distribution across 210,000 domains -- 15 percent of Facebook applications and 60 percent of Bebo applications Commenting on the investment, Sequoia Capital's Jim Goetz said, "Widgetbox and its community are building this business one widget at a time, one domain at a time. Widgetbox's success shows a distributed community of developers and users is a powerful part of the widget ecosystem." In 2007, the company closed its series A funding. The amount of the funding was not disclosed. Investors included Sequoia Capital, Hummer Winblad Venture Partners, and Michael Dearing. About Widgetbox Widgetbox helps people express, connect, create and inform using web widgets that can be easily shared and distributed anywhere on the web. Widgetbox has the largest selection of web widgets -- over 33,000, with 28 million monthly viewers on over 210,000 domains. Widgetbox serves both the developers and consumers of widgets and has the most comprehensive set of tools for the management and distribution of your web widgets. For more information, please see http://www.widgetbox.com. Widgetbox(TM) and DevShare(TM) are trademarks of Widgetbox, Inc. All other company names and trademarks are the property of their respective owners.

SOURCE Widgetbox