Thursday, September 29, 2011

Blekko Raises $30MM - Yankdex, USVP, CMEA

Blekko, a Silicon Valley startup trying to build a spam-free search engine, is getting some love from Russia.

Yandex, the most popular search engine in Russia, is expressing its affinity with a $15 million investment in Blekko and a commitment to share some of its computing power and other technology with its new U.S. partner. Blekko is getting an additional $15 million from another group consisting mostly of its earlier investors — U.S. Venture Partners, CMEA Capital and PivotNorth Capital.

From the Blekko blog, "Yandex is one of two new investors we added with this round. The other is MLC Private Equity, an Australian based investor. It’s hard to believe that after only 10 months of being live, we have enough international awareness to drive investments from Australia and Moscow. But that’s where we are – and with the completion of this round, we’re only getting started."

1 comment:

Irma said...

Interesting as strategics expand from their core into investing