Finance Site Mint.com Raises $14M in New Funding

Personal finance site Mint.com has raised $14 million in its latest round of venture funding, which was led by DAG Ventures.


The Mountain View, Calif.-based startup said this week that it secured financing from The Founder's Fund, current investors Benchmark Capital, Shasta Ventures, First Round Capital and Sherpalo.
The company did not disclose its current valuation. Since its launch in September 2007, the company has raised $31 million through three rounds of funding and a seed round.

Mint said it will use the funding to hire more engineers and to speed up product upgrades and partnership launches that are planned for the next six to 12 months.

Mint, which has more than 1.4 million registered users, is also set to roll out upgraded features on its site next week. These will mostly relate to Mint.com's budgeting functions, which let users see how they spend and save their money.
Source: NYTIMES

Finance Site Mint.com Raises $14M in New Funding Rating: 4.5 Diposkan Oleh: Ignazio Abate