Voxant Secures $10.5 Million in Funding Round

Sep 26, 2006

Voxant, creator of the Viral Syndication Network for online news, has secured $10.5 million in backing for the company's solution for distributing broadcast, print, and other types of news content across the internet. Voxant announced that SoftBank Capital of Boston and Court Square Ventures of Charlottesville, Va., have invested in its second funding round. They join Longworth Venture Partners of Boston, which provided Voxant's initial funding and participated in this round with an additional investment. The company will use the funds for its Viral Syndication Network, including the launch of TheNewsRoom later this fall. Using the network, news publishers can distribute fully licensed video, print, audio and still photo news content to websites and blogs, where it can then be redistributed through viral mashing.

(www.voxant.com; www.softbank.com; www.courtsquareventures.com; www.longworth.com)