TagEdge

Publish2 Raises $2.75 Million in Round A

publish2

Publish2, an online news aggregation platform that currently in private beta testing phase, has successfully raised $2.75 million in a Series A financing from Velocity Interactive Group, a leading global digital media and communications investment firm. What makes Publish2 stand out of the competition race is its uniqueness of the market it tend to serve. It has the similar features that look like Digg, but only designed to empower journalists on discovering, organizing, and ranking the most important news for them.

Publish2, co-founded by Scott Karp and Robert Young, both have vast experience in the media industry. In regard to this funding, Scott Karp, President and CEO of Publish2 said, “This financing allows us to continue building a strong team aimed at developing a Web platform for journalists that helps them bookmark and organize news articles as part of their story research and staying on top of their beats, connect with other journalists with similar interests, and contribute to their newsrooms’ editorial efforts in linking to interesting news around the Web. By working closely with Velocity Interactive Group and having the guidance of both Ross and Jon on our board will help us continue making the best strategic moves as we move to publicly launch the site.”

On the about page of Publish2, they mentioned their platform is the Digg for professional journalists. While on the Web, Web news is a bit of glut now, and Publish2 seemed to be fulfilling its role in reinvent the news model of journalism. Nevertheless, the time has come to recognize that by providing an easy bookmarking tools for journalists, it will help them to deliver their insightful articles convincingly.

via [PE HUB]

Comments