Liveblogging service CoverItLive (CiL) has secured $1 million in a first round of funding. Seed investor Flagstone Capital participated in the round, along with private investor Paul Kedrosky. The company's platform allows users to post and update content, insert video and images, and set up polls and question and answer sessions in real time. CoverItLive offers mobile support, including an iPhone viewer. It also archives each liveblogging session and provides analytics.