wordpress blog stats
Connect with us

Hi, what are you looking for?

Medium raises $57M from Andreessen Horowitz, Google Ventures & others

Collaborative publishing service Medium has raised $57 million in a Series B round of funding led by Andreessen Horowitz and with significant participation from existing investors Google Ventures and Greylock Partners, reports YourStory. Other investors to participate in the round included Obvious Ventures, The Chernin Group and other Series A investors. The platform had earlier raised $25 million in a Series A round of funding led by Greylock partners in January 2014. Note that Medium had opened up to allow anyone to publish in October 2013, and as of now, it claims that over 20,000 people write on it each week. Founded in 2012 by Twitter co-founder Evan Williams, Medium is a blog publishing platform that lets professionals, non-professionals and paid contributors publish on the platform. Readers are displayed with a list of top stories by default, although users can signup and follow certain tags. On signing up, users are also promoted to follow certain authors based on the tags selected. Any logged in user can publish a story by clicking on the ‘Write a Story’ option, which then displays a clean interface where users can type in the title and content of their story. The editor also allows users to add hyperlinks, formatting and tags before publishing, as well as check revision history etc. It also allows publishers to share their published story via social media. Interestingly, Medium claims not to focus on the number of page hits it gets, rather preferring to measure popularity based on the time readers…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ