Chevy Chase, Md. – New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said on Thursday it has led a new $27 million round of funding in Say Media, a San Francisco-based digital media company.
Other participants included Shea Ventures and Correlation Ventures, as well as previous backers August Capital, First Round Capital, Maveron, WPP, Focus Ventures and Neoteny. Paul Hsiao, a partner at NEA, has been named to the company’s board of directors.
Say Media was formed in late 2010 when online video advertising firm VideoEgg acquired Six Apart, the blogging software provider behind MoveableType and TypePad.
This article was also published in Potomac Tech Wire.
Say Media – http://www.saymedia.com
Say Media – press release
New Enterprise Associates – http://www.nea.com