Desktop.com Secures $29M in First-Round Financing
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Start-up Web-based service Desktop.com, which provides a free graphic interface and application platform for the Internet, closed on $29 million in its first round of financing.
Computer industry pioneer Mitch Kapor of Accel Partners will serve as a director on the Desktop.com board. He was the founder and CEO of Lotus Development Corp/ and the designer of Lotus 1-2-3.
"Accel Partners is honored to be part of the Desktop.com team and believes the company is creating an innovative, powerful online experience that will appeal to everyone on the Web," said Kapor. "By wrapping this experience around an open development platform, Desktop.com will empower the tens of thousands of developers who want to share their creativity and expertise with millions of Web users."
Desktop.com's founding team is composed of Katie Burke, Larry Drebes, and Karen Drebes. Katie Burke and Larry Drebes were part of the original team that invented and marketed Four11's Web-based e-mail service RocketMail, later purchased by Yahoo!.