Wikio Secures $5.3 Million in Series A Funding

LUXEMBOURG--(BUSINESS WIRE)--Wikio, operator of the popular personalized Web information page announced today it has closed a Series 'A' round of funding totaling $5.3 million. The financing round was led by Lightspeed Venture Partners along with Gemini Israel Funds.

Wikio, launched in France last June, and currently operating sites in France, United States, Germany, Italy and Spain, is the first European blog and media search engine. To date, Wikio’s fast growing audience has reached nearly one million monthly unique users.

The new round of financing will enable Wikio to expand globally, and deliver the most innovative and customizable information service on the web. Aggressive investment in R&D and operations will enhance product development and accelerate the company’s already rapid growth. The launch of the Wikio UK site is planned for the second quarter of 2007, followed by additional European and American sites.

Wikio is the brainchild of CEO Laurent Binard, founder of Mediapps (European Software Publisher) and chairman Pierre Chappaz, renowned French entrepreneur, former Yahoo Europe President, founder of Kelkoo (leading European shopping search engine) and co-CEO of Netvibes (leading customizable portal). Chappaz says, “Blogs and information are my passion, and I am a great believer in personalization. With thousands and thousands of professional and amateur sources of information available on the Web, our mission is to provide Internet users with a powerful search tool that they can easily tune according to their needs and their centers of interest. For many Europeans, Wikio has already become their personal information page!”

“The tremendous growth and popularity of Wikio boils down to its innovative product. Personalizing and organizing information in a compelling way is becoming an increasingly important tool for consumers,” said Yoni Cheifetz, partner, Lightspeed Venture Partners. “Coupled with the company’s strong business model, we’re in a very good position to help Wikio become a leading information platform for European and global customers.”

Ouriel Ohayon, general manager of the Lightspeed Gemini Internet Lab (www.lgilab.com) and editor of the French version of TechCrunch explains, “Personalized news and search is a very competitive and fast growing sector. The popularity of user generated content creates the demand for better tools to find relevant information. Wikio's innovative service and rapid growth will make it one of the global leaders in its field.” Along with Chappaz and Binard, Yoni Cheifetz, and Ouriel Ohayon will join the board of directors.

Based on Web 2.0 technologies such as information feeds (RSS), Ajax (for personalization) and semantic search, Wikio combines powerful search features with advanced tag navigation. Users influence the results of the Wikio Index of thousands of editorial blogs and professional media items by voting, commenting and publishing their own posts. The service also allows users to easily create and build their own personalized webpage of information based on tags (keywords including semantics) that they select. Its business model relies on sponsored links and monetization of commercial searches.

Mirabeau Financial Planning Ltd has advised Wikio for this financial round.

About Wikio

Wikio, a company incorporated in Luxembourg, operates the sites www.wikio.com, www.wikio.fr , www.wikio.de, www.wikio.es , www.wikio.it . For more information, visit www.wikio.com.

Wikio’s shareholders include business angels such as Loic Le Meur, VP Sixapart Europe, Martin Varsavsky CEO FON, Freddy Mini COO Netvibes, Ouriel Ohayon Editor Techcrunch France, and Jeff Clavier.

About Wikio's Investors

Lightspeed Venture Partners

Lightspeed Venture Partners combines extensive venture capital and operating experience to assist entrepreneurs in creating industry-leading technology companies. Lightspeed manages $1.3 billion of committed capital and focuses on early stage investments in the US, Asia and Israel. The firm’s partners have invested in more than 100 technology companies over the past two decades and have contributed to the success of market leaders including Blue Nile, Brocade, Ciena, Doubleclick, eHealth, Galileo Technology, Growth Networks, Informatica, Kiva Software, LightLogic, Maker Communications, Metasolv, Phone.com, Quantum Effect Devices, Riverbed, Sirocco, Transmeta, Virsa and Waveset. For more information, please visit our website at www.lightspeedvp.com.

Gemini Israel Funds

A pioneer in Israel’s venture capital industry, Gemini Israel Funds has grown to be the leading Israeli seed and early stage fund in the Information Technology arena. The firm, founded in 1993, manages $550 million in four funds. Investments are focused on the areas of Communications and Wireless Technologies, Enterprise Software, Internet, Consumer Electronics and Semiconductors. Through our offices in Israel and Silicon Valley, Gemini offers portfolio companies with access to top-tier U.S. based investors and a global network of corporate partners. As investors, our key contributions are: our willingness to make daring investment decisions and our ability to build long-term relationships with our companies. We employ the same tools to help our companies today that we used to assist Allot, Mellanox, Saifun, Precise, Butterfly, Commtouch, Ornet, Verisity, Jacada, Ceragon, Riverhead, nLayers and others. More information can be found at www.gemini.co.il.