White Label Social Net Lithium Gets $12 Million Second Round

White Label Social Net Lithium Gets $12 Million Second Round

Rafat Ali
paidContent.org
Monday, June 30, 2008 11:07 AM

Lithium Technologies, an Emeryville, CA-based provider of white-label social networking tools, has raised $12 million in its second round funding, led by Benchmark Capital. Benchmark joins Emergence Capital and Shasta Ventures, which co-led a $9 million first round in April 2007.

The company, which has been around for almost seven years now, has been working with clients such as AT&T, Comcast, Dell, Sprint and others to power their online community. The technology was originally created as part of online gaming portal Gamers.com. CEO Lyle Fong and his brother Dennis co-founded Gamers.com and its parent, GX Media, which raised $15 million from investors including CMGI in 1999.

On Demand Social Net Manager Lithium Technologies Closes $9 Million First Round