Tags: Digg, Greylock Partners, investments, Jay Adelson, Omidyar Network, Social media, Social Networks, SVB Capital

Digg gets more investments

Social news discussion service Digg has received another round of fresh investments worth $28.7 million.

This news could be a hint that the company aims to stay independent for the time being.

Jay Adelson, Digg’s chief executive said in a statement on the new developments: “That’s part of the message. We want to be independent. We have only completed about 15 percent of all the ideas that we have. I don’t think anyone could offer us a better deal than us going alone.”

The company is now planning to expand their operations and double their team to 150 employees by the end of next year.

Highland Capital Partners along with Greylock Partners, Omidyar Network and SVB Capital are the fresh investors in the company.

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