NowPublic.com Closes $10.6 Million Series A Financing

Jul 31, 2007


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BEST PRACTICES SERIES

NowPublic.com has announced that it closed a $10.6 million Series A financing, led by Rho Ventures, based in New York and Palo Alto and its affiliate Rho Canada, based in Montreal. The round also includes two other venture firms, Brightspark and the Working Opportunity Fund, managed by GrowthWorks Capital Ltd., both of which participated as seed investors.

In addition, NowPublic announced that it's expanding its partnership with the Associated Press to include AP's bureaus across the United States. NowPublic.com and AP agreed in March to initiative designed to expand the world's access to news as it happens. NowPublic has now begun working with AP bureaus serving Seattle, Los Angeles, Las Vegas and Chicago; it will support additional AP bureaus over the coming year. NowPublic's 20,000 members in hurricane prone areas will be supporting the AP during the upcoming storm season.


(www.nowpublic.com; www.rho.com; www.brightspark)