DotNetNuke Scores Another $8 Million In Series B Funding

DotNetNuke Corporation, the owner and maintainer of the open source web application framework that goes by the same name, has raised $8 Million Series B funding from new investor UV Partners and prior backers August Capital and Sierra Ventures.

The company had earlier raised an undisclosed amount of financing from the latter two investors back in November 2008.

DotNetNuke offers a flexible Web Content Management Platform for Microsoft .NET, available in a free Community and subscription-based Professional, Elite and Elite Premier Editions (click here for more info). DotNetNuke’s CMS is extensible and customizable through the use of skins, modules, data providers, language packs and templates.

DotNetNuke says the new funds will be used to accelerate product development and expand marketing and sales, after a year of stellar performance. The company recently claimed that it has signed 500 paying customers and 50 certified commercial partners since launching commercially in February 2009.

In 2009, DotNetNuke acquired Snowcovered, the premier online market for over 6,000 DotNetNuke modules, skins, services and related products offered by nearly 800 third-party vendors. The company says that the online marketplace has since completed nearly 40,000 transactions to almost 15,000 customers last year.