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Progressive Book Club Raising $4 Million For Online Community, Marketplace

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Progressive Book Club, an online community and book e-tailer, has raised $1.6 million of a proposed $4 million round of funding, per an SEC filing. The company did not respond to a request for confirmation.

Founded in 2008 by Elizabeth Wagley, a former corporate communications exec for organizations like Human Rights Watch, the site offers readers news, commentary and forums about political issues from a progressive perspective; members can also buy books through the club at a discounted rate.

Oct 8, 2009 2:07 PM ET

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Posted In: Media & Publishing, Books, Money, M&A & Venture Capital, Venture Capital, Social Media, Community

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