Wednesday, November 14, 2007

FatDoor got $5.5 million from an investment group led by Norwest Venture Partners

What Company is Offering:
FatDoor is a way to get to know your neighbors on a very local level, and displays information over a Microsoft Virtual Earth map that can toggle between 2D and 3D views. It’s like a Wikipedia for the White Pages. FatDoor isn’t limited to people, though. Information regarding your local businesses, events, shopping deals and organizations are accessible using FatDoor as well. And this information can be modified by the users in the community, adding images, descriptions, addresses (not for residences) and groups. If a neighbor hasn’t been to FatDoor to “claim” their location, their icon will be shown on the street as opposed to their house, and you can leave messages for them that they will see once they’ve signed up to use the site. You can invite users to FatDoor with their email address or their street address.
How Much They Got From VCs:
They got $5.5 million from an investment group led by Norwest Venture Partners and some of this funding comes from KeyNote Ventures as well. Additionally, Yahoo vet Jennifer Dulski has joined the team as CEO.
How They Will Use Raised Funding:

The latest round will go towards building its infrastructure, and supporting its growing team. Still in alpha testing, the site isn’t quite ready for public use. while it offers a lot of helpful tools for finding information on your local neighborhood, it relies heavily on constant user participation.
More at:http://www.fatdoor.com/

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