RealTime IT News

Guru.com Raises $16 Million in Second-Round Financing

Guru.com, an Internet startup focused on serving the needs of independent professionals, said it has secured $16 million in second-round financing.

The financing was co-led by Greylock and August Capital, and also included several individual investors. This financing follows a $3 million first round that closed in July 1999.

Guru.com provides community, advice-oriented content, job-matching and deals on products and services to solo professionals. The second-round financing will be used for team building, product expansion, and marketing to increase Guru.com's reach, the company said.

Joining the Guru.com board will be Andrew Anker, partner at August Capital and founder and former CEO of Wired Digital, along with Aneel Bhusri, partner at Greylock and vice chairman of Peoplesoft.

"Millions of people are leaving the corporate world to work for themselves. Guru.com is extremely well-positioned to capture the spirit and loyalty of this massive and rapidly growing market," said Anker.

"Both Andrew and Aneel impressed us with their integrity, commitment, and relevant operating experience," said Jon Slavet, Guru.com CEO. "They bring valuable new perspective to the board, and they'll help us continue along the path of building a great company."