Read It Later Raises $2.5 Million
Read It Later is a popular bookmarking service that allows you to read content from any smartphone, tablet, or computer. Read It Later has raised $2.5 million in funding. The investors in this round include Foundation Capital, Baseline Ventures, Google Ventures, Founder Collective, and several angel investors.
Read It Later founder Nathan Weiner started the company in August 2007. Read It Later received several offers, but he decided to remain independent.
Read It Later has 3.5 million registered users, but this number also includes users that are inactive. Read It Later is seeing about 10,000 downloads per day and over 250 applications have integrated Read It Later’s APIs.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry