Seeking Alpha nails Benchmark Funding, Yahoo Deal

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New York based Seeking Alpha, a financial news site that takes content submissions from over 200 contributors to cover over 4,000 publicly traded companies, had a very good day today. They are announcing a deal with Yahoo to include Seeking Alpha content in Yahoo Finance, as well as a round of financing from Benchmark Capital.

The Yahoo deal is very similar to a Yahoo/Gawker deal announced in November 2005, and which was terminated recently. Company-specific content from Seeking Alpha will be included on Yahoo Finance, with links back to Seeking Alpha. No money is changing hands either way.

The size of the Benchmark funding is not being disclosed. Michael Eisenberg, a general partner with Benchmark Capital Israel, is joining the board.

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