Frazier Technology Ventures

The Real News of Wetpaint's $25 Million Funding: Fidelity Kicked In

Kara Swisher in News on May 19, 2008 at 2:56 am PT

While Wetpaint’s $25 million new round of funding was leaked to one and all under embargo until 12:01 am EST today–including BoomTown, so don’t assume any of us report our little hearts out on all these bits of news–what the press release did not disclose, sources said, was an intriguing new investor: Fidelity Investments. What’s interesting about this wrinkle is that it is yet another validation in Web 2.0 world from a large traditional institutional investor.