Read It Later Bookmarks $2.5M

7/27/11

Read It Later, the San Francisco startup behind the popular Web content-saving tool of the same name, revealed yesterday in a blog post that it has collected $2.5 million in funding. Foundation Capital, Baseline Ventures, Founder Collective, and Google Ventures pitched in, according to founder Nate Weiner, who adds that he’s no longer a solo act—Read It Later (which competes with Instapaper) now has five employees. “There is no greater feeling than having others believe in something you created and want to make it their own,” Weiner writes. “I am honored and extraordinarily proud to stand alongside the incredibly smart and talented team of peers and investors that now make up Read It Later.”

Wade Roush is a contributing editor at Xconomy. Follow @

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  • http://nr-s.net Sam S

    Read it Later is an exceptional product and business tool. We use the product as a means by which we aggregate market data and intelligence for our merchant banking team. The high quality of the list, product and rendering (iOS, web, etc), is unmatched. Great News.