Spock Closes $7M in Series A Funding from Clearstone and Opus Capital Ventures

Business Wire December 20, 2006PDF Version | Link to Article

Spock, the World’s Largest People Search Engine, to Use Funding to Expand Team and Infrastructure

MENLO PARK, Calif. — Spock Networks, Inc., the world’s largest people search engine, today announced that the company has received $7 million in a Series A funding round from Clearstone Venture Partners and Opus Capital Ventures. Funds will be used to expand hiring, increase the company’s infrastructure and accelerate product development. The company further announced the election of William Quigley, managing director at Clearstone, Ken Elefant, general partner at Opus Capital Ventures, and Siva Kumar, serial entrepreneur and CEO of the TheFind.com, to its board of directors.

Spock is developing a new kind of search engine that helps users find and discover people. With over one hundred million individuals indexed and millions added every day, Spock is building the largest and most comprehensive people specific search engine. Spock expects to publicly launch in 2007.

“If you look at the top searches at Yahoo or Google today you will find people – Britney Spears, Brad Pitt, Angelina Jolie – always at the top of those lists – clearly demonstrating large user interest in searching for people,” said William Quigley, partner at Clearstone Venture Partners. “Companies like Google and Yahoo mastered web search, Amazon conquered product search, and we believe Spock is well-positioned to deliver a compelling solution for people search,” Quigley said.

“Everyone is curious about what is said about them online. Who hasn’t googled their own name or someone they know?” said Ken Elefant, general partner at Opus Capital Ventures. “We were incredibly impressed with the Spock team with their tremendous experience. We believe they are approaching the challenge of searching for people in a very different and powerful way that will set them apart from the current general market approach to people search.”

“Spock is excited to be working with both Clearstone and Opus Capital Ventures to further advance …

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