The Mark, a Toronto-based online daily news magazine, announced today that it has closed its first round of funding, led by Innovation Grade Capital. Thunder Road Capital and Venture Communications CEO Arlene Dickinson also participated in the round.
The total sum raised was not disclosed. The Mark plans to use the funding to add hundreds of new contributors, expand their multimedia offering, launch a French site, and sign revenue and content distribution partnerships.
Launched in May 2009, The Mark has assembled more than 600 Canadian contributors across politics, business, science, technology, sports and the arts.