Techcrunch is reporting this morning that CoverItLive has raised $1.2 Million from its current investor and private equity fund Flagstone Capital and well-known investor and entrepreneur Paul Kedrosky.
Last week we reported that CoverItLive was launching a enterprise version that could be a serious money-maker. Turns out investors agreed. Congrats again CoverItLive CEO Keith McSpurren and his three person team on raising money in this tough economy.
Interesting side note - this time last year at MacWorld Kedrosky called CoverItLive "potentially game-changing" even though it got off to a shaky start.
Since its release in late 2007, CoveritLive has been used by thousands of writers to engage millions of readers around the world. It has been well... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
