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Online News Distributor Voxant Raises $10.5 Million

Authored by Mark Hefflinger on September 21, 2006 - 8:38am.
Reston, Va. - Voxant, a company that distributes news across the Internet for media companies, said on Wednesday that it has raised $10.5 million in its second round of funding. SoftBank Capital and Court Square Ventures co-led the round, which also included participation from previous investor Longworth Venture Partners. The company plans to use the funds to further grow its core network, which publishers use to distribute video, print, audio and still photo news content to thousands of partner websites and blogs. Reston-based Voxant said that its advertising-supported service is free to Web publishers, and provides revenue to both originating content providers and distributors. Its clients include Reuters, MSNBC, CBS and Bloomberg.
http://www.voxant.com/content/news_detail.php?voxant_news_id=51
tags: Deals | Internet | VC | Advertising | Online Publishing | Tech | News | Softbank | Voxant |



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