Gather.com Garners $5,300,000 New Round

  • Feed Type
  • Date
    6/9/2009
  • Company Name
    Gather.com
  • Mailing Address
    99 Summer Street, 7th Floor Boston, MA 02110
  • Company Description
    Gather will make money by displaying advertising to people who use Gather’s services. It just seems fair that we share our advertising revenue with you based on the quality and popularity of the content you contribute on Gather. We will also share some of our revenue with you if you choose to use the site actively, exploring content that others write, searching on Gather and on the web, and inviting your friends, family, and colleagues to use the site. We will pay occasional users in points that you will be able to use to purchase goods and services from Gather partners in a few months. We will pay frequent users, who write great content consistently, in cash if they choose.
  • Website
    http://www.gather.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,300,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    American Public Media
  • Venture Investor
    Allen & Company, LLC
  • Venture Investor
    Hill Holiday
  • Venture Investor
    The McGraw-Hill Companies
  • Venture Investor
    Southern California Public Radio
  • Venture Investor
    Undisclosed

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