The popular tech website Mashable announced yesterday that they had their first capital raise in the history of the company, since their start in 2005. The raise was a massive success, and the company closed out $13.3 million, which it hopes to put toward enhancing their editorial output and develop new technology. Recently Mashable has developed BrandLab, an operation aimed at assisting new companies with content creation and expanding their label, and Mashable Lift, where you can share your social content and help it be seen by top influencers.
Without any funding, Mashable has built a successful online publication that delivers top-notch news, analysis, and feature reporting to a reader base of over 30 million in just 8 years. With this capital raise I think we can expect a lot more to come.
Read more from Mashable founder Pete Cashmore here.