Scribd Banks $3.5 Million from Redpoint
Summary
Scribd raised $3.5 million from Redpoint, with Kinsey Hills also participating in the round. The company had already grown quickly since launch, reaching 75,000 to 100,000 daily uniques and 1.73 million monthly unique visitors. It also added a Facebook application that nearly 11,000 users installed. Scribd plans to use the capital to expand its programming team and accelerate product development.
Funding
Amount
$3.7M
Total raised
Date
June 5, 2007
Announcement date
Investors
Redpoint Ventures, Y Combinator
Lead investors
Company
https://www.scribd.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
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