Lithium, which sells social networking software to businesses, raises $9M
Lithium Technologies, an Emeryville, Calif. company that sells software to companies to help them build online communities with their customers, said it has raised $9 million in a first round of financing.
The six-year-old company has been bootstrapping until now, and has won customers like Cingular, Comcast, and Dell.
The round was co-led by Shasta Ventures and Emergence Capital Partners. Ravi Mohan, of Shasta Ventures, and Gordon Ritter, of Emergence Capital Partners join the company’s board…. Continue Reading