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Pulse Raises $9 M in New Funding

By Andrew Berg | June 17, 2011

Pulse, makers of the visual news reader for iPad, iPhone and Android, today says it has raised $9 million in Series A financing from New Enterprise Associates (NEA), Greycroft Partners and Lerer Ventures.

The new funds will allow Pulse to grow its engineering team and expand to additional platforms. The company also announced that NEA’s co-head of consumer investing, Patrick Chung, will join Pulse’s board of directors and Greycroft Managing Director Alan Patricof and Lerer Ventures Manager and Huffington Post co-founder Ken Lerer will serve as advisors.

“Not only do our partners have a deep understanding of mobile and Web, they share our philosophy of always putting product first,” said Pulse co-founder Akshay Kothari in a statement.

Pulse has surpassed over 4 million users across iOS and Android and was recently recognized with an Apple Design Award. Earlier in June, Pulse debuted Pulse.me, a syncing feature that allows users to save stories for later reading in their personal archives, which are then viewable on any Pulse-enabled device or the Web.

Pulse currently has content partnerships with AOL, The Atlantic, CNN, CNET, Discover Magazine, Gawker, The Huffington Post, The New Yorker, Salon.com, TIME, Vanity Fair, The Wall Street Journal Digital Network, Yahoo! News and more.


Filed Under: Devices

 

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