Boulder, CO (PRWEB) September 16, 2010
Kapost (http://www.kapost.com), a company whose online newsroom technology allows publishers to produce content from large networks of contributors, today announced that it had closed its $1.1M Series A financing round. The round was led by High Country Venture and Highway 12 Ventures. Also participating in the round are Zelkova Ventures, Trisiras / Kal Vepuri, Tango, David Cohen, David Tisch, and Jason Kiefer. As part of the financing, Chris Marks of High Country Venture & George Mulhern of Highway 12 Ventures will be joining the board of directors.
“We are very excited to have this outstanding group of investors behind Kapost,” says co-founder Mike Lewis. “With this new capital we’ll be able to move much faster in transforming how publishers produce their content. Now more than ever publishers need more content, better content and cost-effective content to succeed. Kapost’s newsroom technology will allow those publishers to tap into and manage a much larger group of contributors for their content production.”
Kapost takes the processes of the newsroom--such as editorial calendars, story assignment, revisioning, and performance tracking--and moves them on to their online workflow. With these online tools publishers can effectively manage large numbers of freelance journalists, segment thought leaders and site visitors to produce their content. The result is more high-quality content produced cost effectively. And Kapost’s newsroom technology integrates easily with any existing site or CMS (content management system).
“The publishing industry is undergoing significant disruption and new solutions are needed,” says Chris Marks of High Country Venture. “Kapost allows publishers to leverage the potential of the Internet to produce content in new, more effective ways. We are very glad to be on board with Kapost as a partner as they bring transformation to the publishing industry.”
Kapost enables publishers to manage and leverage large networks of content contributors, whether they be paid journalists or free-contributing thought leaders. Kapost achieves this by moving the processes of the newsroom to its online platform. Through using the Kapost newsroom, publishers are able to generate more content and better content, all at a lower cost structure.
Kapost was founded by Toby Murdock & Mike Lewis, co-founders of Qloud, and Nader Akhnoukh, a co-founder of Tamale Software. To learn more visit http://www.kapost.com.
About High Country Venture
High Country Venture manages two venture capital funds (Colorado Fund I and II) investing in early stage growth companies located in Colorado. HCV has approximately $50 million under management and is affiliated with Tango, a private investment company located in Boulder, Colorado. For more information call (303) 381-2638.
Highway 12 Ventures is a leading early-stage VC fund investing in high-growth, entrepreneurial companies in the Intermountain West states of Idaho, Utah, Montana and Colorado. With over $100 million under management, it is Idaho’s largest venture capital firm. Highway 12 Ventures is part of the Village Ventures nationwide network of venture capital funds. For more information call (208) 345-8383 or visit http://www.highway12ventures.com.
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