Graphic.ly Raises $1.2 Million In First Round
Graphic.ly is a CDN company that specializes in comics. The company has raised $1.2 million in their first round of funding. DFJ Mercury is the early-stage lead VC firm behind the funding. Other investors include Starz Media, GC&H Investments, Northstar Equity Partners, Dave McClure, Paige Craig, and Chris Sacca.
Graphic.ly plans to use the funding for technology development, marketing, and future partnerships. One of Graphic.ly’s first projects after the funding is to develop an iPhone application for Marvel Comics. Graphic.ly launched out of TechStars, a startup incubation firm. Graphic.ly was founded by Kevin Mann and Thanavanth Jaroenvanit and is run by CEO Micah Baldwin. Baldwin is the former VP of business development at Lijit Networks.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry