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Mar 25, 2007

In the Y of the (Wynd)storm

YFonGlobal, a provider of turnkey social network marketing technology, reported raising its second angel round of funding, for a total of $1.8 million with an opportunity to raise $2.1 million from one angel investor’s matching funds offer.

YFonGlobal representatives stated that these funds will be used in expanding sales and marketing of their Wyndstorm hosted social network software geared towards associations, political organizations, political campaigns, small businesses, virtual companies, and the like.

YFonGlobal chairman Lawrence A. McLernon tossed in his Joe Namath-like prediction for the firm thanks to the funding, saying, “Within the next year, I predict that CEO Marian Sabety’s vision for Wyndstorm … will be realized. Wyndstorm will be an industry leader in content sharing and mobile collaboration, becoming the ‘go-to’ solution for connecting online communities.”

Right, then.

YFonGlobal angel investors include telecommunications and information technology players such as American Management Systems founder Patrick A. Gross; former managing director of Telstra Global Wholesale, John Hibbard; Thomas Hudson, former chairman / CEO of Computer Network Technology Corporation; and Richard T. Liebhaber, a dude serving on the board of directors for Avici, Cogent Communications, ILOG, JDSU, and MCI.

Wyndstorm’s second customer was reported only as “a 1.6 million subscriber base targeting university students who seek a private social network to research, collaborate and learn together on a worldwide basis in a safe and protected environment.”

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