Blog Post

Rojas And Block’s Gdgt Raises $3 Million

Gdgt, the newish gadget community site started by the founders of Engadget and Gizmodo, has raised about $3 million in funding, according to a report in the WSJ. The funding comes only nine months after the site launched with about $500,000 in funding from True Ventures, Betaworks, and some angel investors. This round was led by Spark Capital and True Ventures. Betaworks, Lerer Media Ventures, and *AOL* Ventures also participated. Interestingly, AOL (NYSE: AOL) owns Engadget, which was co-founded by Gdgt co-founder Peter Rojas; Gdgt co-founder Ryan Block was also an editor at that site.

On Gdgt — which has no reporters — users can create profiles and a list of gadgets they had, have, or want to have. They can also review and discuss specific devices. The site so far has done well — with Block telling the WSJ that the site has “hundreds of thousands of registered users.” Compete and Quantcast data also show steady increases in traffic.

Rojas (pictured) — who also co-founded Gizmodo — is a speaker at our “State of Gadget Media” event later this month. Learn more about that event here.