We’ve been hearing that “Digg isn’t dead yet” for years, but this may be the first time that I actually believed that claim. Yesterday, the website announced that COO Gary Liu has been named the new CEO, and he has $4 million in Series A funding to work with. Apparently, most of this funding, which was led by DG Incubation, will be used to improve Digg’s ability to curate mobile content, as well as expand more into international markets.
More interesting developments for Digg, the Internet curation site founded way back in 2004 that was acquired and relaunched by Betaworks in 2012. The site has announced a “Series A” of $4 million, and it has named its COO Gary Liu as new CEO, effective immediately. This is essentially Digg’s second Series A — the company in its previously independent state had raised over $45 million, including a $2.8 million Series A. This is also the latest chapter for a company that was dismantled in 2012, with the brand, domain, code, traffic and data going to Betaworks, staff going to the Washington Post, and patents going to LinkedIn. Andrew McLaughlin, the Betaworks partner who had been acting as CEO since the relaunch in 2012, will now be executive chairman. This latest funding comes from DG Incubation, the investment subsidiary of Digital Garage, which also invests in Betaworks and will be used to “power Digg’s accelerating growth in users and revenue, the expansion of community and network features, and new products for international markets.”
