Tuesday, January 18, 2011

Scribd Raises Another $13 Million, Aims To Bring Social Reading To Every Device

Scribd, the document sharing hub that launched as a 'YouTube For Documents' and has since added other key features, including an online bookstore and a publisher analytics platform, has raised another big round of funding: it's just closed a $13 million Series C round led by MLC Investments and SVB Capital, with participation from existing investors Redpoint Ventures, Charles River Ventures, and Kinsey Hills Group. The round brings Scribd's total funding to over $26 million since it first launched in 2007 ?�it closed its $9 million Series B in December 2008. CEO Trip Adler says that the money will primarily be used to expand the team, which is current at around 45 employees. New hires will mostly come on the engineering side, with personnel also being added to Scribd's business development and sales teams. Adler also says that Scribd has an agressive product roadmap for the next six to twelve months ?�a key piece of which will be mobile.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/zZK8oWUejOo/

Transaction Systems Architects Trident Microsystems Trimble Navigation Limited Triquint Semiconductor Unisys

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