SocialCast's Enterprise Collaboration Tools Get $8M

The fact that Venture Capital firms are opening their wallets again is a good sign of potential economic recovery, and the latest startup benefactor is SocialCast. SocialCast offers “enterprise collaboration” tools similar to Yammer and others, which are a combination of features of Twitter and the Facebook Wall, plus infrastructure for groups and following team conversations.

SocialCast raised US$8M in Series B funding from two firms: Menlo Ventures and True Ventures, to add to the nearly $1.5M