Friday, February 09, 2007

BOMST - More green for Sidestep

Sidestep have closed their third round of funding after cashing a cheque for $15mm from Trident Capital, Leader Ventures and Saints Capital. If memory serves this is almost the same size as the previous two rounds (which added to $17.5). Trident has been involved from the beginning but first time they brought in others to share the risk. Sidestep has been very active in expanding their content plays to draw more traffic and improve stickiness. Am sure their plans are that those efforts plus this new money will see them to scale and profitability.

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