Stealth Web Startup Palaran Raises $1 Million In Funding From True Ventures

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Stealth Web Startup Palaran Raises $1 Million In Funding From True Ventures

Palaran, a Palo Alto, Calif.-based web startup, has raised $1 million worth of a $1.8 million first round of funding, per an SEC filing. True Ventures led the round; Palaran’s undisclosed round of angel funding came from Esther Dyson, Del.ici.ous founder Joshua Schacter and Yahoo alum Vish Makhijani, among others.

Founder and CEO Amit Kumar (pictured) confirmed the funding, but declined to provide more color on what the startup will actually do. Kumar is also a former Yahoo vet; he helped create SearchMonkey, the company’s third-party developer platform. He left Yahoo (NSDQ: YHOO) last year to serve as VP of product management at semantic ads and content engine Dapper.

Tameka Kee

@GeekyChic Oct 14, 2009 5:58 PM ET

Photo: WebProNews

Posted In: Money, M&A & Venture Capital, Venture Capital, true ventures

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