Internet Company Ning Raises New Investment

Jul 13, 2007

      Bookmark and Share

Internet company, Ning has raised an investment round. To date, Ning has been mostly internally financed the company's founder and a small group investors. This internal financing has allowed Ning to build its platform and service over the last two and a half years. Ning has announced it is expanding our product plans with a list of features and product capabilities. Ning’s investment round--"Series C"-- has been organized with Allen and Company in New York; wherein it raised $44 million. The round was led by Legg Mason with a number of other investors participating. The venture is intended to scale operations to accommodate the company’s traffic and growth, product design and development efforts, and platform and support programs.