DimDim nabs Index Ventures...and $6 million

DimDim just raised a Series B from one of the industry's best venture firms.

As is often the case with "news," the most interesting story is in the subtext. As an example, DimDim, the open-source web conferencing company, just raised $6 million in a Series B round of financing . That's great news for DimDim, but it's not the most important news. (Though I'm sure DimDim employees will beg to differ. :-)

No, the most important news is who funded this round. Index Ventures.

For those who don't follow the open-source world very closely, Index has funded some of the world's best open-source companies, many funded by Danny Rimer, open-source rock star. Its portfolio is filled with MySQL, Zend, OpenX, and Pentaho, among others.

Getting money from Index says a lot about DimDim. It has a lot of experience investing in open source. Index doesn't suffer open-source fools easily. DimDim just got a big vote of confidence...along with the cash.

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About the author

    Matt Asay is chief operating officer at Canonical, the company behind the Ubuntu Linux operating system. Prior to Canonical, Matt was general manager of the Americas division and vice president of business development at Alfresco, an open-source applications company. Matt brings a decade of in-the-trenches open-source business and legal experience to The Open Road, with an emphasis on emerging open-source business strategies and opportunities. He is a member of the CNET Blog Network and is not an employee of CNET. You can follow Matt on Twitter @mjasay.

     

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