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Investment Information

Closing Date: July 30, 2007
Amount: $10.6 million
Round Type: Series B

Details

Led by Rho Ventures, based in New York and Palo Alto and its affiliate Rho Canada, based in Montreal. The round also includes two other venture firms, Brightspark and the Working Opportunity Fund, managed by GrowthWorks Capital Ltd., both of which participated as seed investors.

This financing represents the largest single commitment to citizen generated news yet assembled by a company in the category.

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