Gather.com Secures $1,800,000 New Financing Round

  • Feed Type
  • Date
    11/24/2010
  • 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
    $1,800,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Pilot House Ventures Group
  • Venture Investor
    Hearst Interactive Media
  • Venture Investor
    Progress Ventures
  • Venture Investor
    Individual Investor

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