Edgio Gets $5 Million in VC Money

VentureBeat’s Matt Marshall covers the site and the funding. Here’s the press release (pdf).

Edgeio is an ambitious, would-be global classifieds site in the “Web 2.0” mold (e.g., tagging, distribution/syndication). Obviously the classifieds space is hot and increasingly competitive, with Craigslist, LiveDeal, Oodle, MSFT Live Expo, newspapers and bazillions of verticals and so on. But this infusion of money will give Edgeio the ability to keep going and potentially become a recognized brand.

Here’s my first pre-launch posting on the company when I was still with The Kelsey Group.