CouchSurfing Finds $7.6 Million Underneath the Cushions

CouchSurfing, which connects travelers online with a place to stay in someone’s home, is reinventing itself by changing its status from a nonprofit.
couchsurfing_CMKeiner

Seesmic Raises $4 Million in Funding From Salesforce.com

In an interesting social enterprise move, popular social networking collaboration tool Seesmic is taking a $4 million investment from Salesforce.com, as well as from Softbank. The San Francisco-based Seesmic has one of the top desktop and mobile applications for monitoring a consumer’s various feeds from Twitter, Facebook and more.

Early Adopter: Pothole-Reporting App SeeClickFix Raises $1.5 Million to Help You Be a Squeakier Wheel

It’s a fine line between keeping your potholes filled and walls graffiti free and being a civic tattletale. Civic nuisance reporting app SeeClickFix lets you toe the line, and just got another $1.5 million from O’Reilly AlphaTech and Omidyar to help users keep at it.

Wikipedia: "Free" as in Thanks for Your $2 Million Donation

August has been a lucrative month for the Wikimedia Foundation. Last week, the nonprofit organization that operates Wikipedia received a $500,000 grant from the William and Flora Hewlett Foundation. Now it has been given a $2 million grant from the Omidyar Network.
picture_13

Wikipedia: “Free” as in Thanks for Your $2 Million Donation

August has been a lucrative month for the Wikimedia Foundation. Last week, the nonprofit organization that operates Wikipedia received a $500,000 grant from the William and Flora Hewlett Foundation. Now it has been given a $2 million grant from the Omidyar Network.
picture_13

Federated Media Will Search for New Leader Says Founder and CEO Battelle (Plus a Web Squared and Double-D Video!)

John Battelle, the founder, chairman and CEO of Federated Media Publishing, told his staff this morning that he will begin a search for a new top exec to take the company into its next stage of growth. In a post on the FM Web site, Battelle said that he was not leaving the San Francisco-based company and wrote that the new exec–whose title could be CEO–would report to him.
battelle-jjpg

Digg Dugg: $28.7 Million

Digg, the social news site that’s long been rumored to be up for sale, has raised $28.7 million in a Series C venture round led by Highland Capital Partners. Existing backers Silicon Valley Bank, Greylock Partners and the Omidyar Network also participated.