A yet-to-launch personalized start page GlobalGrind has received about $3.5 million of a $4.5 million round it is raising, reports PEHub. The round was led by Accel Partners, along with hip-hop impresario Russell Simmons. Simmons was one of the investors in 360hiphop (later acquired by BET Interactive)…this new site has also been started by former executives of 360hiphop, including: CEO Navarrow Wright, CFO Richard Slomovitz and former 360hiphop CEO Osman Eralp.
The site will be in a heavily competitive space with Netvibes, Pageflakes and others, but the site will apparently have a “hip hop” spin. Some more on the site here.