Denver, CO, January 12, 2006 - Associated Content Inc., an
online publisher of valuable, user-driven content, announced its
securing of $5.4 million of Series A equity capital. SoftBank
Capital, which invests in leading companies that will benefit
from the widespread adoption of integrated, broadband networks,
led the investment round.
Associated Content will use the funding to rapidly grow its
user-driven information portal, www.AssociatedContent.com
, to augment its leadership with additional top media
professionals, and to continue to develop the Company's
proprietary publishing tools and platform.
Concurrently, Associated Content announced the appointment of
Eric Hippeau and Mike Perlis, both partners at SoftBank Capital,
to its Board of Directors. Hippeau and Perlis join Ron Conway,
Rich LeFurgy, founder Luke Beatty, and Non Executive Chairman
Tim Armstrong on the Board of Directors. "Associated Content is
a leader and innovator in the user-driven content space. They
have built a massive library of content that is extraordinarily
valuable when combined with the unique revenue management system
that they have developed," said Eric Hippeau, managing partner
of SoftBank Capital. "Associated Content has attracted a world
class team. We look forward to helping them rapidly accelerate
the growth of the company."
Luke Beatty, Associated Content's CEO and founder, noted that
"Adding SoftBank Capital as a partner further positions
Associated Content to take a leadership role in the high-growth,
expansive online media market. Their online media and publishing
expertise and support will help us to aggressively advance our
content and technical assets, while at the same time, increase
their distribution to the public and other media companies."
About Associated Content Inc. (www.AssociatedContent.com
) Associated Content Inc. is a user-driven content publisher
and provider. The Company is developing proprietary publishing
technologies and organically building a collection of talented
content producers that use the technologies to produce text,
audio and video content on a multitude of topics. The Company's
media assets are user-focused and optimized for discovery and
revenue generation. The Company makes its content available to
licensees and to the public at www.AssociatedContent.com.
Associated Content is based in Denver, Colorado, and New York,
New York.
About SoftBank Capital (www.sbcap.com/ SoftBank Capital
is an independent venture capital firm focused on high-growth
technology-based businesses benefiting from the rapid deployment
and adoption of broadband and mobile technologies. Through its
current fund, SoftBank Capital Technology Fund III L.P., the
firm has invested in Anystream, Beliefnet, InsiderPages,
LiteScape Technologies, Nellymoser, The NewsMarket, Perpetual
Entertainment and Thumbplay.
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