Medium Raises $57M in Series B Funding

▤ Summary

Medium, a San Francisco, CA-based social blogging platform, raised $57m in Series B funding.The round was led by new partner Andreessen Horowitz with participation from Google Ventures and Greylock Partners, Obvious Ventures, The Chernin Group, and a number of existing angels.The company intends to use the funds to strengthen the platform.Created in 2012 by Evan Williams and opened to the public in October of 2013, Medium provides a writing tool combined with a network centered around participation.To know more about the round, read the post by Medium’s Andy Doyle here.

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