San Francisco – Scribd, a social publishing and document reading
site, announced on Tuesday that it has closed a $13 million third round of
venture capital financing, led by MLC Investments and SVB Capital.
Previous
backers Redpoint Ventures, Charles River Ventures and Kinsey Hills Group also
participated.
Founded in 2007, San Francisco-based Scribd is attracting 60
million monthly unique users to its site, which lets users upload and share
text documents.
The company will use the funds to grow its engineering staff
and accelerate product development, including mobile applications.
Related Links:
http://www.scribd.com/doc/47101019/Series-C-Press-Release
