Associated Content Raises $6 Million in Series C Funding
Investment Round Led by Canaan Partners and SoftBank Capital will Drive Company’s Future Growth and Expansion
Associated Content has built one of the most expansive consumer-facing, multimedia content libraries online today. With an archive of more than one million pieces of unique content, Associated Content is rapidly expanding its network of 250,000 professional and amateur site contributors and has developed a proprietary platform that enables highly efficient personal and automated curation, payment and editing.
“Associated Content is redefining publishing on the web,” said
“Since our initial investment in Associated Content in 2007, the company has exceeded our expectations and represents one of our most promising and unique investments,” said
About Associated Content:
Associated Content, Inc. is an open content network. Founded by
Canaan Partners invests in visionary entrepreneurs and provides them the networks, insights and operational guidance required to build high-performance technology and healthcare companies. For 20 years, they have taken an active and committed role in the companies in which they invest, and have completed more than 72 mergers and acquisitions and 53 IPOs. With
About SoftBank Capital:
SoftBank Capital is an independent venture capital firm focused on high-growth, technology-based businesses benefiting from the rapid deployment and adoption of broadband and mobile technologies. Through its current fund, SoftBank Capital Technology Fund III L.P., the firm has invested in numerous successful companies. For more about SoftBank Capital see www.softbank.com.
SOURCE Associated Content