December Update from Seeking Alpha's CEO: Series B Funding Round, Partnership

by: SA Product Team

In this update, we:

  • completed a $7 million series B funding round,
  • launched a broad content partnership with,
  • held our first real-time contributor roundtable,
  • passed the 2,000th Instablog set up on Seeking Alpha’s financial blog platform.

Series B Round Completed

Seeking Alpha recently completed a $7M series B funding round, led by new investor DAG Ventures with full participation from existing investors Benchmark & Accel. This round provides us with a strong capital base to support our innovation and growth plans for the coming years. Partnership joins the growing list of partners populating their sites with high-quality news, analysis and earnings call transcripts from Seeking Alpha. Nasdaq is the first partner to begin hosting Seeking Alpha’s unique news products, Market Currents and Wall Street Breakfast, in addition to numerous opinion pieces from our contributors.

Market Currents is Seeking Alpha’s highly popular, real-time coverage of the market.

Wall Street Breakfast is our one page summary of top market and business stories, published daily before the market opens.

Seeking Alpha news, articles and transcripts can be found on the news, quote, and community pages.

Contributor Roundtables

Our first contributor panel focused on leveraged ETFs, with David Fry, Roger Nusbaum and Don Dion fielding live questions from our readers. By fostering debate around high-quality content, we enhance the ability of our community of market-savvy investors to share, discuss and debate investment ideas and ultimately to make wiser investment decisions.

Over 2000 Instabloggers

We launched Instablogs, our blogging platform customized for finance, in May. We recently crossed 2,000 instablogs. The platform is open, and allows anyone to write about stocks or the market. But we’ve been surprised by the caliber of those setting up instablogs: financial advisers, portfolio managers, newsletter authors, data providers, economists and senior managers. Here’s a list of some particularly interesting Instablogs you might want to check out.

Recent Press:

Dominic Jones, the investor relations thought-leader, wrote a detailed article about Seeking Alpha and the opportunity it presents to companies and investor relations officers, here and below:

For investor relations, Seeking Alpha may be the ideal social network

By Dominic Jones on November 24, 2009, IR Web Report

If you are seriously interested in reaching out to investors on the web through social media, then the best approach is to focus your efforts on services designed specifically for investors. And one of the best is a site I have written about several times in the past, and which has gotten even better with time. Seeking Alpha — an investment website, social network, research hub and financial blog aggregator — offers an unprecedented opportunity for good IR departments and competent CFOs and CEOs to get themselves and their companies in front of a highly qualified audience. In fact, there is no more intelligent, influential and well educated financial audience on the social web than the people who frequent Seeking Alpha. More here