Seesmic Raises $6 Million to Power the World's Video Conversations

Seesmic Raises $6 Million to Power the World's Video Conversations

A-List investors are led by Niklas Zennstrom's Atomico and include Steve Case, Ron Conway, Jeff Clavier, and Reid Hoffman

SAN FRANCISCO, Feb. 13 /PRNewswire/ -- Seesmic (http://www.seesmic.com/), the highly anticipated new start-up from Loic Le Meur, today announced that it has raised $6 million from internationally renowned investors. The investment is lead by Atomico -- an investment group founded by Niklas Zennstrom and Janus Friis. The complete list of investors is:

-- Michael Arrington -- Founder, TechCrunch
-- Steve Case -- Co-Founder and former CEO and Chairman, AOL
-- Jeff Clavier -- Managing Partner, SoftTech VC
-- Ron Conway -- Early investor, Google
-- Steve Garfield -- Pioneering video blogger
-- Dan Gillmor -- Director, Knight Center for Digital Media
Entrepreneurship
-- Reid Hoffman -- Founder, LinkedIn
-- Michael Parekh -- Managing Director, Goldman Sachs
-- Mark Pincus -- Co-Founder and former Chairman and CEO, SupportSoft
-- Ariel Poler -- Founder and former CEO, IPRO and Topica
-- Jeff Pulver -- Chairman and Founder, Pulver.com
-- Martin Varsavsky -- Founder, FON

Until now, online communication has lacked personality, being limited to text (IM, SMS, email). Seesmic changes that, bringing conversation alive through video, allowing users to be seen and heard and to broadcast themselves. Still in closed alpha, Loic is building Seesmic in the open, with the help and guidance of the Seesmic community. Through his daily video blog loic.tv and the "feature request" function on the Seesmic site, Loic and his team gather suggestions and solicit feedback from the community about the platform and its functionality.

"I'm thrilled to have such an unprecedented group of high-profile business leaders, entrepreneurs, and angel investors validate the potential for Seesmic," said Loic Le Meur, Founder and CEO of Seesmic. "This significant investment will enable us to launch a site built by and for our community, incorporating the products and features they've told us they want through their Seesmic conversations."

"Seesmic has grasped the opportunity to evolve the way people express themselves and converse online. Theirs is an exciting vision and I look forward to supporting the team," said Niklas Zennstrom, Co-Founder of Skype.

"At last, the Internet is really social: you can see and hear people express their ideas and thoughts, you can join in, and you can make new friends. With Seesmic, everyone can participate in live conversations rich with personality, bought to life through video," commented Ron Conway.

About Seesmic

Seesmic brings online conversation to life through video. Straight from their webcams, Seesmic enables users to easily post videos of their thoughts and ideas and participate in video conversations with the world.

Founded by Loic Le Meur -- France's best-known blogger, entrepreneur, founder of the largest European web event LeWeb3, and Internet Advisor to French President Sarkozy -- Seesmic is changing the way people converse on the Web.

Media Inquiries
Kathy Johnson
Consort Partners
seesmic@consortpartners.com
Tel: +1 415 823 9566

First Call Analyst:
FCMN Contact:

Source: Seesmic

CONTACT: Kathy Johnson of Consort Partners, +1-415-823-9566,
seesmic@consortpartners.com, for Seesmic

Web site:

http://www.seesmic.com/

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