Local web publishing firm Radiate Media nets USD22m

Tue Nov 1 2011, 15:59 PM

Web publishing firm Radiate Media, which provides content management and advertising solutions to local media outlets such as newspapers and radio stations, has secured USD10m in venture capital from investors including Greycroft Partners, Level Equity and vSpring Capital. The cash comes with a new USD12m credit facility from Silicon Valley Bank, allowing the company to push its products into new local markets.

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