| Digg Lands $28.7 Million for Social News Site |
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| Submitted by actz | |
| Tuesday, 30 September 2008 | |
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San Francisco - Social news site Digg announced on Wednesday that it has landed a $28.7 million third round of venture capital financing, led by Highland Capital Partners. Previous backers Greylock Partners, Omidyar Network and SVB Capital also participated. San Francisco-based Digg, which was founded in 2004 and now counts 30 million unique monthly visitors, allows users to share news articles, blog posts and other content on a site that ranks submissions according to their popularity among Digg users.
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