Grown up site Gather gets $10M from old media Hearst, McGraw-Hill & others
Gather.com, a social networking site focused on themes for “grown-ups,” from cooking to politics, said it has raised a $10 million round of financing.
Lead investor is Pilot House Ventures, and large media companies Hearst Corporation, and The McGraw-Hill Companies participated, along with Jack Connors, Chairman of Hill Holliday and Gather.com CEO Tom Gerace and his family.
The strategy is to build tight partnerships with leading media properties, as well as plans for international expansion.
It is noteworthy… Continue Reading
Jingle gets $30M to grow its free directory assistance service
(Updated below with comments from chief executive George Garrick)
Jingle Networks, a Menlo Park start-up which provides free phone directory assistance, has raised a whopping $30 million more in venture capital — upping the ante in what is now a crowded field.
This area has become popular because people find this an easy way to avoid the $1 to $3 they get charged using regular DA service.
Jingle, which markets itself as 1-800-Free-411, supports the free service by… Continue Reading