Searchles Gets Second Round of Funding

Local DC search and social networking startup Searchles has secured a second round of funding.  A post in the Washington Business Journal notes that the newest round is for $300,000 bringing the total they have raised this far to $2 million.

This round will help fund their new social technology developed for online media companies, called Searchles Discovery.

“We took note of the disconnect most online publishers are experiencing in networking their like-minded users and set out to develop a set of tools that provide a ready channel for this social discovery,” said Elias Shams, chief executive officer of Searchles. “As proposed partnerships with a few major media properties move forward, this additional funding will help us in keeping pace with demand for these dynamic and customized social solutions for online publishers.”

So far all funding is by angel investors, but they are looking for another $3 - $4 million to build out, but as many have found, they are finding the going a little tougher here on the east coast.