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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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.