BeliefNet Gets $7 Million


BeliefNet, the NYC-based online sprituality news, info and community site, has raised another round of venture funding: $7 million in a funding led by the Boston office of Softbank Capital.

The funding comes almost three years after the company exited Chapter 11 bankruptcy protection with the help of angel investors. Blue Chip Venture led two venture rounds totaling $1 million in 2002 and also participated in the Softbank-led round. (I used to follow the company closely back in my Silicon Alley Reporter days and also wrote about their Chapter 11 saga).

Beliefnet was launched in December 1999 and has been profitable since October 2002, according to the company.

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