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Ziggs Gets $2.5M From Angel Syndicate

Monday, January 29, 2007 6:00:00 AM PDT | VentureDeal Staff

BOSTON, MA -- Ziggs.com, a business networking site, announced that it had received $2.5 million in new funding from a large syndicate of angel investors.

The site was originally designed to provide professionals a way to market and manage their profiles.  Version 2 allows users to post their own resumes, chat with other users and link to blogs.

The company's CEO is Tim DeMello, who is the only board member, despite the large angel capital infusion to date of $7.5 million.  Some investors have invested as much as three different times in the company, indicating confidence in DeMello's management skills.

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