Thursday, September 14, 2006

Site for Fido gets funding | CNET News.com

Site for Fido gets funding | CNET News.com
Dogster, a San Francisco-based company that launched online dog- and cat-oriented communities in 2004, has secured its first round of funding.

The company, which said it has been profitable since mid-2005, announced on Wednesday $1 million in funding, which was led by Michael Parekh, the founder of Goldman Sachs' Internet research effort.

The company makes its money from pet-related ads served to site visitors, and is just one of a growing number of popular pet-related sites such as Cute Overload, Cats in Sinks and many others. But Dogster may well be the first of these outfits to attract venture funding.

No comments: