RawSugar In DeadPool

RawSugar (the site is currently down), a company with offices in Israel and Silicon Valley, is closing shop (also reported by Steve Rubel and Rafael Sidi) and will enter the TechCrunch DeadPool. RawSugar can mosts easily be described as a del.icio.us competitor.

This is a company we’ve been tracking since August 2005. This is also one of the companies that I met with during my trip to Israel last year.

RawSugar never raised a big round of funding and simply ran out of money, it seems. And while this is a bit sad to see, the good news to come out of this is that the people working on the project can now move on to their next idea. It’s the way things go.