Outside.in the hyperlocal content and advertising platform, raises $7M

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Database Reference:  F231109-274
Business:  Outside.in
Web:  http://www.outside.in
Location:  USA, Brooklyn, NY
Region:  North America
Business description:  Local media and advertising
Category: Media: Advertising
Contact:  Mark Josephson, CEO, Outside.in

Investors:  Led by Union Square Ventures and including CNN Worldwide as a strategic investor. The round includes all previous venture investors, including Village Ventures, Betaworks, the New York City Investment Fund and Milestone Venture Partners, as well as continued support from a strong group of angel investors.
Contact 1:  Said Fred Wilson, principal at Union Square Ventures
Contact 2:  KC Estenson, SVP and general manager, CNN.com 

Round:  Round B
Amount raised:  $7,000,000
Details:  Outside.in the hyperlocal content and advertising platform, has announced the close of a $7 million B round of financing. As part of its investment, CNN Worldwide entered into a concurrent multi-year deal to use the Outside.in for Publishers aggregation and curation platform to power hyperlocal news across all of CNN.com and its related properties. The first implementations are expected to be completed in Q1 of 2010.

Link:  Press Release

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