Congrats to Ted Rheingold, who has managed to turn animal social networking a viable business model with Dogster and Catster. Ted raised an additional $1 million from a group of high-powered angel investors.
Dogster makes 95 percent of revenue from advertising and sponsorships and the rest from premium subscriptions, with 250,000 registered users, a quarter of which are very active on the site.
More at GigaOM.
Update:The lead investor of this round, Michael Parekh, will join the board. Other Dogster investors are Joshua Schacter (of del.icio.us./Yahoo fame), Adam Beguelin (of Truveo/AOL), Michael Tanne (Wink), Jim Young (hotornot), Mike Jones (Userplane/AOL), George Sarlo (Walden Funds), Frank Caufield (Darwin VC), Aydin Senkut (of Google, now Felicis Ventures), Robert Simon (Alta Partners), Brad Feld (Mobius Ventures) and Jeff Clavier (SoftTech VC). From VentureBeat.
