Newsgator Secures $10M Sixth Round Funding; $39M Raised To Date
This story was written by David Kaplan.
RSS feed aggregator Newsgator has raised a $10 million sixth round funding. The company has lined up past investors, including Masthead Venture Partners, Mobius Venture Capital and Vista Ventures, for this latest funding. With this new cash infusion, the Denver, CO-based company has raised a total of $39 million. Its last round was in Dec. 2007, when it got a $12 million in a fifth round.
Newsgator did not offer details about what it planned to use the funding for, though it hinted that it would go towards "expansion efforts." The company made a point of saying that despite the darkness hovering of most businesses, online and off, Q408 saw its highest revenue gain ever, though it did not say precisely what the current and previous figures are. Release
By David Kaplan