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NetVibes, the slick "homepage" company, raises $15 million

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netvibes.jpg
NetVibes, the Paris based company that lets you personalize your home page with cool little modules that you can drag across the screen, has raised $15 million in more financing.

If you go there and play, you will see what people mean when they talk of the wonders of "ajax" technology.

Holy smokes, though: This is a lot of money for a company that hasn't found a business model. It is one of the largest round of venture backing for a European Web 2.0 company.

The company raised a seed round in March. This latest round was led by Accel Partners, and included Index Ventures, which helped seed the company.

The extremely rapid adoption of NetVibes has enthused investors. This company has moved beyond the bubbly crowd of 50,000 or so experimentalists, and now says it has five million users. The numbers are going up almost a million a month, said a source close to the company. It is up from 2 million this spring. (Though we haven't been able to confirm these numbers).

It has made more headway that the dozen or more other companies that are trying to do something similar. Microsoft's Live.com is its biggest challenger. That giant had more than a year's head-start over NetVibes, which was started by former journalist Tariq Krim. Live.com has about 300 modules you can select for your homepage, compared to NetVibes' 200. NetVibes' advantage is that it is agnostic, though. Recently, for example, it added the Web-based IM feature Meebo, allowing IM across platforms.

Pageflakes, backed by Benchmark, is the other serious contender in this area.

There is one little problem, of course. The company hasn't found a way to make money. Its interface is so clean, it is like Google's empty homepage. How do you interfere with users who have become accustomed to this? For now, we're told the company isn't yet focused on making cash, but is looking mainly to build the best user-experience.

Other seed investors in March included Netscape co-founder Marc Andreessen, European telecom guru Martin Varsavsky and Kelkoo founder and former Index Ventures investor, Pierre Chappaz, who has since joined the company.


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Comments

Hey

I find it funny how the Web 2.0 marked is still going for the gold - my question is - dosent the world have enough of "clones", i mean google, live.com, my yahoo, pageflakes, netvibes and so on.

Team ORCA will within short launch a new portal like the others but with 3 exceptions.
A) You can add programs, games, utils. from ORCA Application storage - see www.orcaa.com
B) Services from the "VIKI Portal" will be included freely - http://start.he.dk
C) A Free online desktop along with a Free "Web Media Center" will be offerd.
D) A Linux distro (OrcZilla) will be offerd to those who want to experiment with system without a harddrive and boot directly to the online interface (the same as being created for the MIT OLPC project (www.laptop.org)

Our entention is to provide this service add/popup free. - I am only let wonder who of the first giants will follow.

Kind Regards
Leon Bollerup
CEO, Team ORCA
www.orcadesktop.com

ps.
For at small siliconbeat.com only demo of ORCA's little toy - check out www.orcadesktop.com/proton - this is a version 8 build of the 13 test cores.

Leon Bollerup on August 15, 2006 8:40 AM
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