Associated Content nabs $6M for its publishing tools
Associated Content, the company that allows 250,000 media companies and unaffiliated users easily publish text, video and audio content on the web, has snagged $6 million in a third round of funding from Softbank Capital, Canaan Partners and new AOL chief executive Tim Armstrong (its first benefactor when it was founded in 2005).
Based in New York, Associated Content says it will use its new financing to increase its numbers of users, publishers and advertisers. It raised $10 million in 2007 from these same backers, and $5.4 million from Softbank alone in 2006.
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