Big, Big Round of Funding For Ning
Written by on July 9th, 2007 in Ajax News.
This is just a rumor at this point, and I haven’t confirmed it with the company, but I’m hearing that Ning has closed a very large round of financing, led by Legg Mason - $44 million total on a $170 million pre-money valuation. That puts the current value of Ning at $211 million.
The company previously raised an undisclosed amount from co-founder Marc Andreessen.
It sounds like things have been going very well for the company since their February relaunch.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/132111279/