Breaking: Clearspring gets another $5.5 million

By Vivek | March 5th, 2007 at 10:07 pm ET         

Widget world keeps booming. This time the big news comes from Clearspring Technologies, the widget syndication and distribution platform. Clearspring has received $5.5-million as part of its Series B round of funding. The round was led by existing investors Phil Bronner of Novak Biddle Venture Partners and Miles Gilburne of ZG Ventures. AOL founders Steve Case, Mark Jung, and Ted Leonsis also participated in the investment round. Jung, who previously served as COO of Fox Interactive, becomes Clearspring’s new chairman of the board. Clearspring has earlier received $2 million in April 2006.

Clearspring is part of my earlier list of 8 startups to watch-out for in 2007. Late last year I had a talk+Demo session with Hooman Radfar, founder of Clearspring. The end-end solution takes widgets from providers like RockYou and delivers them to social networking platforms like MySpace. Clearspring platform also includes range of analytic capabilities to measure the viral impact of widgets, a much need missing metric in the widget foodchain.