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Venture firms cash out of Klout through Lithium Technologies takeover

28 Mar 2014

news_speechbubble_lrgThe venture capital backers of online social influence tracker Klout have cashed out of their investments after the business was bought by Lithium Technologies.

No financial details about the deal were revealed, but previous reports have suggested the purchase price was about $100m.

Klout has picked up at least $40m of funding to date that is known of and has held several other rounds of financing since a Series C in 2011.

Kleiner Perkins Caufield & Byers, Greycroft Partners and Institutional Venture Partners are all backers, as are ff Venture Capital and Venrock.

Lithium is venture capital-backed itself, having received more than $150m from firms including Shasta Ventures, Benchmark Capital and Emergence Capital Partners.

Chi-Hua Chien from KPCB will join the Lithium board of directors following the deal.

He serves on the board of directors or co-led the firm’s investments at Path, Level, Chegg, Spotify, and Twitter, among others.

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