Blogging All the Way to the Bank
Page 1 of 1
Six Apart, the company known for its Moveable Type blogging platform, has raised $10 million in second-round financing from August Capital.
As part of its investment, two of August Capital's partners -- David F. Marquardt and David M. Hornik -- will join Six Apart's board of directors.
The investors bring significant IT experience with them. Marquardt is a director of Microsoft and Seagate Technologies boards, while Hornik fills the same role on PayCycle and Nomis boards.
"Weblogging is on a growth trajectory on par with the beginnings of e-mail," Hornik said in a statement. "We've been watching Six Apart for a long time and have admired their innovative and carefully crafted products, which have created one of the most loyal and engaged global communities we've ever seen."
During the last year, San Mateo, Calif.-based Six Apart has released new versions of its Movable Type publishing platform and award-winning TypePad hosted weblogging service.
It also established Japanese and European subsidiaries and signed licensing pacts with Hitachi, NTT and Nokia, among others.
Six Apart, which was founded by the husband and wife team of Ben and Mena Trott in 2002, is also backed by Tokyo-based venture capital firm Neoteny. Former PayPal executive Reid Hoffman, who now runs the LinkedIn social software platform, is also an investor.
In separate Internet-industry financing news, Demandware announced $7.15 million in first-round venture capital from North Bridge Venture Partners and General Catalyst Partners.
The Woburn, Mass.-based e-commerce firm's on-demand, e-commerce offering is aimed at retailers and manufactures who are purchasing e-commerce technology. Its founders hail from early e-commerce companies including ATG, Allaire, Macromedia, Intershop and NaviSite.
Demandware's approach to e-commerce infrastructure combines a customizable application with the cost benefits and scalability of software delivered as an on-demand service. The firm's financing and strategy was announced at the Shop.org Annual Summit, a trade show for the online retail industry.