Pocket Raises $5M Series B; Plans To Bring Its ‘Save For Later’ App To More Devices And Platforms

In a doubling-down by existing investors, Pocket, the content-shifting company formerly known as Read It Later, has raised a $5 million series B round led by Foundation Capital, while Baseline Ventures and Google Ventures also participated. This follows a previous funding round of $2.5m, which all three VC firms participated in (along with Founder Collective, and several angel investors) -- so effectively this is a follow on round. The company plans to use the new funds to bring its "save for later" experience to more devices and platforms, expand its team, and improve its services for developers and content partners.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/SHwyLvCmHbI/

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