Monday, June 25, 2007

Daylife from NYC raises $8m from LON

Congratulations to Upe and the team at Daylife for closing their latest funding round.

They brought on some really great investors: Ynon Kreiz joining the team from the newly named Balderton (formerly Benchmark Europe) and Adam Valkin from Arts Alliance. TAG was an early seed investor.

This is a great stepping stone for the business and should really help the team bring their platform for news to a much wider partner base and more international market.

There is great coverage in today's FT, which highlights the interesting angle of a US company coming to London for funding.

The Red Herring noted something similar in their coverage of Opencoffee Club last week and with London is becoming a hub for early-stage, its great to see this being picked up.

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