NextDigest Raises $390K for Event Newsletters

6/9/11

NextDigest, the San Francisco-based parent company of StartupDigest, said yesterday that it has raised $390,000 in new financing to expand its network of weekly e-mail newsletters focusing on events in the Web and Internet startup sector. Equity investments from 500Startups, Charles Hudson, Tim Trampedach, Marco Magnocavallo, Joshua Baer, and Ron Gutman brought in $190,000 of the total, while the Kauffman Foundation has provided an additional $200,000 in sponsorship funds. The company’s newsletters on startups, mobile and social-media technology, gaming, and other sectors are available in 14 cities, including Austin, Boston, Boulder, Detroit, New York, San Diego, San Francisco/Silicon Valley, and Seattle. “You could spend all day scanning through twitter, Facebook, Quora, RSS, and every other service all day…or you can have your information hand-picked by someone who knows that industry well and delivers it directly to you,” said NextDigest founder and CEO Chris McCann. “This is what we are doing with NextDigest for the fastest growing tech verticals.”

Wade Roush is a contributing editor at Xconomy. Follow @

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