EVO Media Raises $1.5M
Gregory T. Huang11/25/09
Seattle-based EVO Media, creator of the DevHub Web publishing platform for managing and monetizing niche websites, has closed a $1.5 million round of equity financing. The investors include Jeff Schrock, Geoff Entress, John Cunningham, Alex Algard, Richard Wolpert, and an undisclosed private equity group. EVO Media CEO and co-founder Geoff Nuval says the money will be used to address the needs of larger publishers, support upcoming media and domain partnerships, and do more marketing. The startup has been “ramen profitable” since last summer. The funding news was reported by TechFlash and VentureBeat.
Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.
