30
September · 2005
21 years ago
Congrats to Ross and SocialText
filed under Wiki
I was happy to see on New.com today that SocialText just landed a second round of funding from SAP Ventures.
Wiki software developer Socialtext received the investment from the German company's venture arm, SAP Ventures, as part of its second round of funding. The round raised a total of $4 million, with participation from Draper Fisher Jurvetson, Omidyar Network and University Venture Fund as well.
"This is a fantastic validation of (the) wiki category of enterprise software, something practically unthinkable three years ago," Ross Mayfield, Socialtext's chief executive, said in a statement.