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June 02 2011

19:42

UberMedia announces $5.6 Million investment from Burda Digital

Business Wire :: UberMedia the largest independent provider of applications for reading and posting to Twitter and other social media platforms, announced today that Burda Digital through DLD Ventures has invested $5.6 million into the company in a new round of financing. Burda Digital is one of the leading European Internet companies with investments in over 50 digital media companies in Germany, Europe and overseas with revenues of over $900 million, including Tomorrow FOCUS AG, Xing AG, Etsy and Glam Inc. DLD Ventures is the international investment arm of Burda Digital. The investment will be used to further the growth of UberMedia’s user base both in the U.S. and internationally.

Continue to read www.businesswire.com

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