Delve Raises $1.65M, Revenues Surge

5/14/09

Seattle-based Delve Networks, an online video publishing and management company, has raised $1.65 million in new funding. According to a regulatory filing, the total offering is $11.3 million, and the investors are Scott Lenet of DFJ Frontier and Mark Klebanoff of Seattle-based Daptiv. Delve, which was co-founded by CEO Alex Castro in 2006 (when it was called Pluggd), also announced its revenue has increased 130 percent since the start of 2009.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @

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