Wetpaint Raises $25 Million to Accelerate Company's Growth

May 20, 2008

Wetpaint, a social publisher, announced it has completed a $25 million round of Series C funding that brings the total investment in Wetpaint to approximately $40 million. DAG Ventures, a San Francisco-based firm, co-led the round with another financial investor, and existing investors Accel Partners, Trinity Ventures, and Frazier Technology Ventures all participated. Wetpaint social publishing platform allows website readers to add their own ideas. Wetpaint has also attracted the attention HP, T-Mobile, Oracle, Dell, and HTC, as well as Fox, Showtime, Discovery Channel, Travel Channel, and Warner Bros. Telepictures.