Alexia Tsotsis currently works for TechCrunch as a writer. She is also a blogger who attended the University of Southern California in Los Angeles, CA. She majored in Writing and Art, moving to New York City shortly after graduation to work in the Entertainment/Media industry. After four years of living in New York City and attending courses at New York... ? Learn More
Um, oh hey guys, what’s up? Nothing much over on my side, except that I’d really like a Diet Coke. Also, I’m hearing that nascent photo sharing app née blogging platform Posterous is raising some money. So yeah that’s what’s up over here in my neck of TC HQ.
Chew on this if you’re in the mood for some actual tech news; the simple blogging service and Tumblr competitor has just raised $5 million in Series B according to multiple sources. Taking part in the round will be Redpoint Ventures, newcomer Jafco Ventures and existing angels.
On Monday Posterous revamped its entire product and focus around Posterous Spaces, which — in the same vein as Google Circles — allows users to pick and choose whom they share specific content with. Thus far the product has received mixed response from users.
I’m just going to assume that Posterous will be using the cash to increase its engineering team, because that’s what I usually write everyday in these things. This new funding comes in addition to another $5.14 million in seed, angel and Series A financing from Y Combinator, SV Angel, Lowercase Capital, Brian Pokorny and others, making the company’s total funding to date $10.14 million.
I think I just might go get that Diet Coke now.
Posterous emerged from Y Combinator in the summer of 2008 as an innovative company focused on making blogging simple - as simple as sending an email - and now has more than 15 million monthly users. With the launch of Posterous Spaces, the company is bringing its trademark simplicity to help people share smarter with intuitive privacy controls to share selectively across multiple platforms.
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