ScribbleLive raises $4 Million from Summerhill Venture Partners

Posted by Techvibes NewsDesk

Toronto's Scribble Technologies announced today that it has raised $4 million in new financing led by Summerhill Venture Partners.

As part of the today's announcement, Scribble shared that it is now working with four out of the top five news agencies in the world on innovative uses of the flagship service, ScribbleLive.

The financing reflects the emergence of the real-time content and publishing marketplace, and how a growing number of news organizations is driving engagement and readership by delivering breaking news as it happens.

"We are delighted to be partnering with Summerhill to bring to market the next step of the evolution of live blogging," CEO Michael De Monte said. "Today's funding news marks the first major investment in live blogging, which validates the demand consumers have for real-time content as global events unfold."

Scribble will use the proceeds from the financing to strengthen its market position and aggressively expand its sales, marketing and software development activities. Rogers Ventures, an existing early stage investor, also participated in the financing.

Scribble offers a real-time content publishing platform that lets media companies such as the New York Daily News, CBS Sports and Sky News deliver timely, relevant and engaging content. Scribble is attracting a growing portfolio of customers looking for new ways to achieve a competitive edge and stronger relationships with customers.

Company:
Summerhill Venture Partners
Website:
http://www.summerhillvp.com
Location:
Toronto, Ontario, Canada

Summerhill Venture Partners is a venture capital firm focused in the areas of communications, digital media and information technology. more

Company:
Scribble Technologies
Website:
http://www.scribblelive.com
Location:
Toronto, Ontario, Canada

Scribble is the leading end-to-end content engagement platform that enables brands, sports organizations and media companies to drive engagement on their digital assets resulting in improved retention and acquisition of customers. Scribble has an international network of customers including world-class brands CNN, The Associated Press, Reuters, Rogers, Samsung, ESPN, Mashable, Fast Company, CNET and hundreds of... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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