Scribd raises $3.7M, amid lots of interest
San-Francisco-based Scribd, the so-called “YouTube for documents,” has attracted a lot of attention — including plenty of suitors from Silicon Valley’s venture capital firms.
So it comes as no surprise that, shortly after launch, it has raised $3.7 million from Redpoint and original seed investor Kinsey Hills Group. Co-founder Trip Alder wouldn’t disclose precise valuation the investors placed on Scribd, but did say the rumored $17.5 million post-money valuation is just about right.
The round closed a… Continue Reading