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March 25, 2009
XOBNI ANNOUNCES INVESTMENT FROM BLACKBERRY PARTNERS FUND BRINGING SERIES B TO OVER $10 MILLION AND REMOVES BETA LABEL Xobni Adds to Its Series B and Releases Major Performance Upgrade to Launch First Official Version SAN FRANCISCO, CA, March 25, 2009 - Xobni, the popular Outlook search and relationship plugin, today announced an investment from the BlackBerry Partners Fund to bring the company's Series B round to over $10 million. The company has also removed its beta label with the introduction of Xobni v1.7. The new version of Xobni includes significant performance improvements to its relationship management sidebar and is available as a free download here: http://xobni.com/download The BlackBerry Partners Fund's investment allows Xobni to continue developing innovative solutions, including its lightning fast inbox search and powerful relationship management tools. The funding will also accelerate the development of a premium version of the product slated for release later this summer. The investment from BlackBerry Partners Fund brings the total raised in Xobni's Series B funding to over $10M and adds BlackBerry Partners Fund Partner, Rick Segal, to Xobni's board of directors. Xobni closed the first part of the Series B in January 2009, led by Cisco Systems.
About Xobni Xobni is a San Francisco startup that shifts the focus of your email from one-by-one messages to the valuable relationships they reveal. Xobni is a relationship management tool that offers lightning fast search and organization of your inbox. The company was founded in the spring of 2006 by Adam Smith and Matt Brezina, launched to private beta in September 2007 and opened to the public in May 2008. Xobni is funded by Y Combinator, Khosla Ventures, Cisco Systems, First Round Capital, Baseline Ventures, Atomico Investments, BlackBerry Partners Fund and others. For more information, go to xobni.com About BlackBerry Partners Fund The BlackBerry Partners Fund(TM) is designed to deliver superior returns on the compelling investment opportunity in applications, services and supporting infrastructure for the BlackBerry® and other mobile platforms. The Fund's mandate is based on the premise that in the future smartphones will be powerful portable computers for use at home, work, and leisure. The Fund invests in companies developing applications that make smartphones a compelling platform for media, commerce, enterprise, entertainment, and lifestyle applications. The Fund is global in scope and will consider all stages of development. For further information visit: www.blackberrypartnersfund.com. Press Contact: Evan Solomon evan@sutherlandgold.com (415) 683-1179 The names of actual companies and products mentioned herein may be the trademarks of their respective owners. |
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