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Web-Based IM Firm eBuddy Receives $6.3 Million Funding

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EBuddy, an Amsterdam-based online IM startup, has received about $6.3 million in a first round of capital from Lowland Capital Partners. It allows users of all major IM services to log in online and chat without installing the software. The company says it has over 35 million users worldwide including 4 million mobile users and adds over 1.5 million new users to its network each month. It is competing against the like of Meebo, Imeem, Centova, and others.
Red Herring writes that eBuddy is already turning a profit due to ads on its site/service.

Oct 31, 2006 7:14 PM ET

Posted In: Money, Social Media, Countries, Europe

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