Social Search Engine Delver On Death Watch
TechCrunch Jan 22 09We've contacted the company to confirm, but former engineer of the Israeli startup Aviran Mordo is reporting on his blog that the social search company Delver has failed to secure follow-up financing due to the drought in VC activity and will be closing shop in 30 days unless they find a buyer. The company has raised $4 million from a single investor, Carmel Ventures, and was - according to Mordo's blog post - unable to raise a second round between $6 and $8 million from the firm or other venture capitalists. Full story...
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