SocialText Scores $9.5M

Palo Alto-based SocialText said Monday that the firm has raised $9.5M in a Series C funding, in a round led by Draper Fisher Jurvetson. Omidyar Network and SAP ventures also participated in the funding. SocialText also said that it has named Eugene Lee as CEO of the firm. Ross Mayfield has been named President and Chairman of the firm. SocialText is a developer of enterprise wiki software. More information »