Feedster (www.feedster.com), the rapidly growing search engine that leverages the massive adoption of RSS and XML to provide timely, meaningful search for web service developers and consumers, announced on December 12 that Omidyar Network (www.omidyar.net) is its most recent investor.
Scott Rafer, CEO of Feedster, said that Feedster is currently funded by seasoned Internet experts including members of the New York Angels, and that Feedster views the investment from Omidyar Network as further validation of Feedster’s strategy and methodology for growing the business.
Doug Solomon, Vice President, Investments, Omidyar Network, said that Omidyar recognizes that Feedster is fulfilling a need in the marketplace by delivering more relevant information from individual commentary, blogs and edited news sources, and that by leveling the playing field between consumers, web services developers, traditional media publishers and organizations, Feedster enables the public to create a richer, more diverse and connected exchange of information.
