Digg Raises Series B Round Funding
Add to del.icio.us 
Add to Furl
It has been reported by Red Herring and VentureBeat that Digg has just closed an $8.5 million Series B round of financing from previous investors Greylock Partners and the Omidyar Network, bringing the the total of capital they’ve raised to just over $10 million. They previously raised $2.8 million in October of 2005 from Greylock, Omidyar and several angel investors.
It has also been reported that they are not yet cash flow positive but should be in the near future, and currently have 18 employees.
On another note - Digg’s competitor, Reddit, was acquired by Condé Nast in October.
