NewsStand raises fourth round of funding

Austin, TX: NewsStand, digital distributor of publications from The New York Times to El Pais, raised $7.2 million in a series D round of funding Wednesday.

Austin, TX: NewsStand, digital distributor of publications from The New York Times to El Pais, raised $7.2 million in a series D round of funding Wednesday.

Adams Capital led the financing round. Other investors included Noro-Moseley Partners, SSM Ventures, The New York Times Company and others.

"The funding reiterates our investors' confidence in the company," said NewsStand CEO Kit Webster. "They decided it was worthy of some additional capital."

NewsStand boasts 175 publication clients with readers in 120 countries. NewsStand's solution allows subscribers to download an entire publication in its print format from the Internet that can be read offline.

Publications include newspapers such as USA TODAY, The Boston Globe, International Herald Tribune, Die Weltand and magazines such as Harvard Business Review, Barron's, and Texas Monthly.

"We're taking steps towards merging print and web to give the [our] print edition a lot of web capabilities," he said, adding the firm's desire to increase customization of the product based on communities.

Webster said the company is working on additional functionality, such as having the name of a company mentioned in a story linking to a press release or the company's website.

"With embedded links, the electronic edition becomes connected to the other side of the web."

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