Blogging Community Site Gather.com Gets $6 Million Funding
Updated: read below: Gather.com, the Boston-based online networking/community site, will announced a $6 million (yes!) funding round next week. The new venture is a social networking website devoted to creating an online community of public-radio listeners.
This new funding is being led by Jim Manzi, former CEO of Lotus Development Corp. in Cambridge, and Allen & Co., the New York investment bank co-run by Bill Bradley, the former US senator.
Besides the users themselves, the site is recruiting dedicated bloggers by offering them a share of the company’s ad revenue.
This follows a $1 million angel round last year by American Public Media Group (APMG), parent company to Minnesota Public Radio.
Updated: This MarketWatch story says the company has riased $9 million till now…
Related: Minnesota Public Radio Invests in Social Networking Startup
Posted In: Money, Social Media
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