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…
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