Associated Content Raises $10M in Funding.Online Content Publisher Takes Series B Round of Funding for Strategic Growth STANFORD, Calif. -- Associated Content Associated Content is “The People’s Media Company,” an online publisher and distributor of participatory media. Associated Content enables everyone to publish their content in any format on any topic and then distributes that content to engaged audiences through , a leading online publisher known as "The People's Media Company," today announced it has secured $10 million in venture capital funding. Canaan Partners, a global venture capital firm specializing in early-stage technology and healthcare companies, led the new funding, which will enable the company to increase its commitment to creating an unparalleled network of content producers and to enhance its publishing and distribution platforms. Warren Lee from Canaan Partners has joined Associated Content's board of directors. Existing investors, including Softbank Capital SOFTBANK Capital is a venture capital group in the United States. See also
"Associated Content has created a unique model for content distribution that enables Content Producers from around the world to build their audience," said Warren Lee, Canaan Partners. "We are very enthusiastic about the large market opportunity, the business momentum, and the great team they have assembled. We are excited about helping the Associated Content team continue to refine its offerings and extend its reach." Founded in 2005, Associated Content is comprised of more than 70,000 Content Producers who contribute to its growing, ad-supported digital media library. Associated Content also operates as a syndication See syndication format. engine, providing brands and publishers with a wide range of quality content generated through its scalable and efficient platform. "We're thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to add Canaan to our existing group of investors and think they can play a substantial role in helping us reach our potential. Associated Content is poised for significant growth, and positioned to fill the rapidly expanding need for more diverse content," said Geoff Reiss, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Associated Content. "With the support of our investors, we will further strengthen our platform, library and distribution efforts, and in turn, support the vast community of talented Content Producers who bring new and original content submissions to AC every day." About Canaan Partners 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 65 mergers and acquisitions and 51 IPOs. With $2.4 billion under management and a worldwide footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. , the firm's technology team is committed to catalyzing the growth of innovative companies in the digital media, communications & mobility, enterprise and clean tech industries. Among its successes are DoubleClick, the leading online advertising solution, Match.com, the most popular online dating site in the world, and Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Packet, one of the top ten performing IPOs of 2006. Other Canaan technology investments include SuccessFactors, The Active Network, Blurb blurb n. A brief publicity notice, as on a book jacket. [Coined by Gelett Burgess (1866-1951), American humorist.] blurb v. , Dexterra, ID Analytics and GroundWorks. Canaan has offices in California, Connecticut, India and Israel. For more information visit: www.canaan.com. 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 broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). and mobile technologies. Through its current fund, SoftBank Capital Technology Fund III L.P., the firm has invested in Anystream, Beliefnet, Huffington Post, InsiderPages, LiteScape Technologies, Nellymoser, The NewsMarket, Perpetual Entertainment Perpetual Entertainment was founded in March 2002 and is an American developer, publisher and operator of networked multiplayer games and MMORPGs. Their headquarters is in San Francisco, California, USA. , Serno and Thumbplay. About Associated Content Associated Content (www.associatedcontent.com), "The People's Media Company" is a leading online publishing showcase where anyone -- from experts and enthusiasts to amateurs and professionals - can become a Content Producer and submit original material on virtually any topic for distribution. Associated Content's Content Producers gain exposure and earn cash by contributing to its ever-expanding collection of ad-supported original articles, videos, images and audio content. Founded by Luke Beatty in 2005, the company has offices in Denver and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . |
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