Scout Labs, Inc. Raises $4 Million

Oct 20, 2009


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Online social media monitoring company Scout Labs, Inc, has closed a funding round that, according to an SEC filing, is worth upwards of $4 million. Last month, Scout Labs released that the funding round had concluded, but did not disclose how much money was raised. The SEC report places that sum at just more than $4 million.

The funding came from investors at El Dorado Ventures and Javelin Venture Partners. Under the terms of the agreement, Javelin managing director Jed Katz and El Dorado general partner Tom Peterson will join the board of directors at Scout Labs.

(www.scoutlabs.com; http://tinyurl.com/ecx102009)