UberMedia, which has accumulated a portfolio of Twitter clients in recent months and is in the process of acquiring TweetDeck, has raised $17.5 million in a new round of funding led by Accel Partners. Existing backers Index Ventures and Steve Case’s Revolution Ventures also participated in the funding.
In a statement, UberMedia doesn’t specify its plans for the cash, but it has been extremely acquisitive and had previously only raised $3.5 million. So far this year, the company has purchased Digg-like news site Mixx, as well as Twitter apps Echofon and UberTwitter. The TweetDeck purchase is widely considered a done deal and is expected to cost UberMedia as much as $30 million. Founder Bill Gross told us last month that he also has aspirations to expand UberMedia beyond Twitter into the broader social media space.
AllThingsD first reported on this funding round and disclosed its size, which brings UberMedia’s total backing to $21 million.