Maxthon – The most popular browser in China

Wednesday, May 28, 2008

Flock, a Firefox-based Web browser that plays up social networking online, has raised $15 million in a fourth round of funding led by Fidelity Ventures. The company's previous investors, Bessemer Venture Partners, Catamount Ventures, and Shasta Ventures, also participated in the round.

The deal shows continued faith in the alternative market for Web browsers, beyond the dominant Internet Explorer. Alternative-browser rival Maxthon, for example, has been downloaded more than 140 million times; and it's one of the most popular browsers in China. The Beijing-based company has pulled in investments from Charles River Ventures and Google.

The company plans to use the funds to expand its research and development, marketing, and global expansion efforts. To date, the company has raised an estimated $30 million.

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