Blog search engine (and more recently blog/social network advertising network) Technorati has raised a new round of financing – $2 million from existing investors, including Draper Fisher Jurvetson and Mobius Venture Capital.
This is, the company says, an extension of their Series D round from June 2008, where they raised $7.5 million at a roughly $35 million valuation. The company has raise a total of just over $32 million to date (much of that at a much higher valuation).
The company is also in the process of raising additional capital via commercial debt, we’ve heard separately but haven’t confirmed.
This funding should get the company to profitability, says CEO Richard Jalichandra. He won’t say what revenues are, except that it has more than doubled each of the last two years. He also points out that Technorati’s network, with 25 million monthly unique U.S. visitors, is now the 5th largest social media property on the Internet.
In addition to its flagship site, Technorati supplies advertising to 450 or so websites – about half blogs, half niche social networks.