San Francisco-Based Digg Raises $2.8 Million in First Round

San Francisco -- Digg, a San Francisco-based web community that allows
the mass Internet audience to prioritize news and content, said on
Monday that it has raised $2.8 million in its first round of funding, led by
Greylock Partners. Omidyar Network and several angel investors also
participated in the round, which the company plans to use to expand its
headquarters, hire more developers and upgrade the infrastructure
supporting its web site. Digg has developed a web community that allows
users to submit Internet content -- such as news, blogs and commercial
offerings -- for review. The content then moves up in the site's hierarchy
according to its popularity with site visitors. Digg said that it currently
has 80,000 registered users and more than 500,000 unique daily visitors.
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