Creator of the "Twitter newspaper site" Paper.li announced the closing of a round of financing, featuring participation from German tech group Econa, as well as Kima Ventures, and Venture Incubator AG. A number of independent "angel" investors also participated in the round.
Paper.li is a site that lets users generate customized "newspapers" of Twitter content from their favorite sources. The service examines a user's Twitter account for links, then transforms those links into the easy-to-read format of a conventional newspaper. This lets users focus on news that interests them, while also harnessing the power of social media.