Reston, Va. - Publish2, the developer of an online news aggregation platform, said on Monday that it has raised $2.75 million in its first round of funding from Velocity Interactive Group.

The company, co-founded by Scott Karp and Robert Young, said that it will use the proceeds to hire staff and move toward publicly launching the site, which is currently in the midst of a private beta test.

Karp described the site as "a web platform for journalists that helps them bookmark and organize news articles... connect with other journalists with similar interests and contribute to their newsrooms' editorial efforts in linking to interesting news around the web."

With the investment, Velocity's Jonathan Miller, the former chairman and CEO of AOL, and Ross Levinsohn, the former president of Fox Interactive Media, will join Publish2's board of directors.

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