Online publishing platform Associated Content has closed a $6 million, Series C financing round funded by SoftBank Capital, Canaan Partners and AOL CEO Tim Armstrong. Associated Content secured $10 million in Series B Financing from SoftBank, Canaan, and Armstrong in 2007. The company also closed $5.4 million in Series A funding from SoftBank in 2006.
Founded by Luke Beatty and originally funded by Tim Armstrong in 2005, Associated Content operates a proprietary content publishing platform that enables individuals and media companies to publish content (text, video, audio etc.) on any topic. Associated Content says that it will use the new funds for consumer, platform, publisher, and advertiser growth. The company has an archive of more than one million pieces of content, and is expanding its network of 250,000 professional and amateur content contributors.
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