Publish2 is an online news aggregation platform has raised $2.75 million in their Series A financing

By admin at March 31, 2008 | 9:11 pm | Print

What Company Is Offering:
Publish2 is an online news aggregation platform, designed to empower the world’s journalists to discover, organize, and rank the most important news — to benefit their own reporting, their newsrooms, and all news consumers on the web. Co-founded in 2007 by Scott Karp and Robert Young, Publish2 is backed by Velocity Interactive Group and is based in Reston, Virginia. Publish2’s board of directors includes Velocity partners Jonathan Miller and Ross Levinsohn, as well as Jeff Jarvis of Buzzmachine.com and Luke Beatty, founder and President of Associated Content, Inc. Publish2 is also advised by a group of influential journalists and journalism innovators.

How Much They Got From VCs:

Publish2, Inc. announced it has raised $2.75 million in their Series A financing from Velocity Interactive Group, a leading global digital media and communications investment firm. Co-founded by Scott Karp and Robert Young, Publish2 is an online news aggregation platform, designed to empower the world’s journalists to discover, organize, and rank the most important news — to benefit their own reporting, their newsrooms, and all news consumers on the web. The site has been in stealth mode and is now in private Beta.

The money raised will be used to accelerate Publish2’s strategic growth initiatives, including hiring key team members, completing development of the technology platform, and making Publish2 an indispensable tool for a critical mass of journalists, editors, and newsrooms.

About VCs:
Velocity Interactive Group is a leading investment firm that focuses on digital media and communications. The firm brings a unique approach to investing by bringing not just financial capital, but also human capital to its investment companies. Velocity Interactive Group has a global presence in Palo Alto, Los Angeles, New York, India and China.www.velocityig.com

More at:www.publish2.com

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