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.