Mendeley raises $2 million, TechCrunch reports, we're happy as clams

We’re happy to announce that we’ve just closed a $2 million funding round, led by Stefan Glänzer (former chairman of Last.fm, now in the same role at Mendeley), Alex Zubillaga (former Executive VP of Digital Strategy and Business Development at Warner Music Group) and ASI (the fund of Skype’s former founding engineers)!

Further investors are former Last.fm COO Spencer Hyman and academics from leading US and UK universities. The news also made its way onto TechCrunch – click the image below to read the article:

mendeley-on-techcrunch

Of course, this means that our work is only starting!

We have a new release scheduled for next week, and we won’t rest before we’ve turned Mendeley into hands down the best software and website for managing, sharing and discovering research papers. Just so you know!

CiteULike and Mendeley collaborate

citeulike-and-mendeleyGreat news, everyone: Today we’d like to announce a collaboration between CiteULike and Mendeley!

How will this collaboration look, you ask? Let’s see where we’re starting from:

CiteULike is a browser-based tool which lets you bookmark research papers online and import the corresponding metadata into your public CiteULike account. Mendeley, on the other hand, develops desktop software which creates your personal library database by automatically extracting metadata and cited references from the research papers on your hard drive. You can then manage and full-text search your papers, back them up online, share them with colleagues, and create bibliographies.

What we will do is make our systems interoperable: If you have an account both on CiteULike and on Mendeley, you will be able to synchronize data between your two accounts. Your CiteULike account will show up as a “Document Group” in our Mendeley Desktop software, thus making your CiteULike metadata available to you in a desktop interface – from where you can manage them offline or insert citations and bibliographies into Microsoft Word, for example. Likewise, by dragging & dropping metadata from your Mendeley Library into the CiteULike “Document Group”, the metadata will be uploaded to your web-based CiteULike account.

CiteULike and us had started to talk about such an integration late last year, and now we’ve begun the necessary back-end work, too. Unfortunately we can’t give you a due date yet, but we’ll keep you posted as things progress! Did I say that we’re very excited about this? ‘Cause we are!

PRESS RELEASE: Research-Sharing Start-Up Mendeley Launches with Support of Last.fm Chairman and Skype's Former Founding Engineers

FOR IMMEDIATE RELEASE
August 13, 2008

Mendeley develops software for managing and sharing research papers as well as a website for discovering research trends and connecting to like-minded academics. The founders’ vision to create a “Last.fm for research” excited Skype’s former founding engineers, who became investors, and former Last.fm executive chairman Stefan Glänzer, who is now executive chairman of the company.

London, UK – When Mendeley’s founders started writing their PhDs, they wondered why there wasn’t a more convenient way of managing and sharing their collection of research papers. So they set out to develop a free research tool themselves, which is launching into public beta today.

Mendeley Desktop, a software client application available for Windows, Mac and Linux platforms, automatically extracts metadata, full-text and cited references from PDF files, builds up a personal research library, and offers sophisticated searching, tagging, and filtering functionality. It lets researchers share, synchronize and annotate their digital libraries collaboratively. Data from Mendeley Desktop is exchanged with Mendeley Web, an online research network where users can back up and access their library database, discover the most widely read papers in their academic discipline, and connect to like-minded scientists and researchers. “As the database of Mendeley Web grows, you will be able to view statistics about emerging research topics in every academic discipline, and readership statistics for each individual paper” explains Victor Henning, one of Mendeley’s co-founders. “Soon we will also include a recommendation engine. Basically, it’s like a Last.fm for research.”

This caught Stefan Glänzer’s attention. As seed investor and executive chairman, he helped Last.fm grow into the world’s largest social music network with over 20 million users. A few years earlier, he himself had been in academia, having financed his PhD through work as a DJ. “I wish I’d had a tool like Mendeley back then” says Mr. Glänzer. “There are striking similarities between the concepts: Based on its Audioscrobbler software, which helps users share and discover music, Last.fm was able to create the world’s largest open music database. Based on Mendeley Desktop, which helps users manage, share and discover research papers, Mendeley could achieve the same for academia.”

After joining Mendeley as executive chairman, Mr. Glänzer brought the team in touch with the former founding engineers of Skype, who had recently invested in academic publisher Versita through their investment fund ASI. Mendeley’s software won them over. “There are plenty of websites that want to become ‘the Facebook for researchers’” explains Eileen Broch, ASI’s investment director. “Mendeley, however, is not just another social network. It’s a truly valuable integration of software and web technologies that solves some of researchers’ day-to-day problems – which is why we decided to invest.”

About Mendeley: Mendeley develops software for managing and sharing research papers as well as a website for discovering research trends and connecting to like-minded academics. The company was founded in 2007 by Paul Föckler, Victor Henning and Jan Reichelt and is based in London, UK.

Screenshot 1: Mendeley Desktop is free academic software for managing and sharing research papers.

Screenshot 2: Mendeley Web lets researchers access their papers online, discover research trends and connect to like-minded scholars and academics.

For further information contact Victor Henning (victor.henning@mendeley.com), Tel: +44-207-2531595, or visit http://www.mendeley.com.
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