RockYou! Announces Second Round of Funding
San Mateo, Calif. — May 16, 2007 — Rock You!, the leading provider of widgets on the web, today announced forward momentum with funding from Partech International, in conjunction with entering into a settlement agreement with Iconix. With more consumers creating an online identity and community, user generated content and personalization continues to be one of the most talked about and growing trends on the Internet. Founded in 2006, RockYou! serves over 150M widget views per day to over 200 countries.
Partech International led the series B round with existing investors, Sequoia Capital and Lightspeed Ventures for an undisclosed amount. The funding will enable Rock You! to continue its focus on developing and distributing the company’s suite of popular widgets for integration with many of the Web’s most trafficked social networking sites, blog networks and photo hosting websites.
“We are thrilled to complete our series B funding led by Partech International,” said Dr. Lance Tokuda, CEO and co-founder of RockYou!. “The additional funding will help further our efforts in creating easy to use, engaging and expressive widgets for our loyal user base, as well as provide our integration and content partners with the assurance of a secure and mutually beneficial relationship.”
In addition, the company reached an amicable agreement and terms of settlement with Iconix. The companies also finalized the terms and conditions of the disputed source code rights and ownership.
About RockYou!
RockYou! is the leading provider of widgets on the web. RockYou! widgets include photo slideshows, glitter text and voicemail accessories, that are simple to use and enable people to frequently refresh their online style. Founded in 2006, RockYou! serves over 150M widgets viewed per day to over 200 countries on social networks like MySpace, Facebook, Bebo and Wordpress. Headquartered in San Mateo, California, RockYou! is funded by Sequoia Capital, Partech International and Lightspeed Venture Partners. For more information and to access RockYou! widgets please visit http://www.rockyou.com
