Monday, June 25, 2007

Daylife raises its Series A in London

Upendra Shardanand's Daylife in which TAG was the largest seed investor back in July 2005, has raised $8m from Balderton Capital (previously Benchmark) and Arts Alliance.
See FT.com's coverage.
The company's news aggregation tool, which sits on partners' websites, allows customers to search for a term and see results from articles, blog comments, pictures and other online sources displayed similarly to a newspaper front page rather than the results lists favoured by Google and other search engines.

This round brings the amount raised for Daylife to around $11m.

Ynon Kreiz of Balderton and Adam Valkin of Arts Alliance said the group had sought European financing because it was a global business with customers on both sides of the Atlantic.

From the outset, Upe and his team have determinedly positioned Daylife as global with its news gathered from every corner of the world and seeing it from every angle.

Upendra was one of the founders of Firefly, an early online community site and recommendation engine sold to Microsoft in 1998.

1 comment:

  1. Dear Mr. Klein,

    This is an area I've thought a bit about from the dawn of the wider internet -i like newspapers a lot.

    So far I've had to rely on the little that's available on newseum (when I'm desperate) and like - the way that newspapers do digital is so backwards still, that I continue to need to buy and keep physical newspapers.

    The vision/ambition I've had is for the intelligence of Amazon, combined with sphere (intra and extra-net)/public lexis/nexis, combined with furl/clipmarks/gooey - I'm not too up-to-date with the latest tech so hope those listed are right.

    Finally, specifically for news, would be for some way for the potential of what cue:cat was to be, without the blow-back.

    That would generally cover real news[papers].

    I'd then like to do 3d chess by using technology like yes.net (not used that either).

    And then i'd like to move beyond, onto a whole diffreent plain -not forgetting cdt/plastic-logic for the papers (+ poss. hypertag if still going).....;)

    Yours kindly,

    Shakir razak