Blogging was where we began, and how we built our company so we have preserved this archive to show how our thinking developed over a decade of developing the use of social technology inside organisations

Socialtext raise series B finance to scale their social software tool

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Belated congratulations to Ross Mayfield for Socialtext’s series B funding round of $3.1m to grow the company and expand the market for their wiki-based social software tool.

Of interest to me is Ross’s account of using Socialtext to accelerate due diligence, as this (redacted! redacted!) deal page shows. A useful illustration of one of the many uses that wiki-based approaches have in an enterprise (and SME) setting. Faster, cheaper, better due diligence. Sound’s good, eh?

Anyway, here’s to the Socialtext team – well done.

One Response to Socialtext raise series B finance to scale their social software tool

  1. By All things Bru on June 6, 2005 at 1:11 pm

    Wiki powered due diligence

    If this is not a good example of why social software in business matters… Lee on $3.1m Socialtext’s series B funding round: A useful illustration of one of the many uses that wiki-based approaches have in an enterprise (and SME) setting. Faster, chea…