Wednesday, May 14, 2008

Sprout, the premier platform for easily creating, publishing and managing rich media Web content, has closed a $5 million Series B financing

What Company Is Offering:
Sprout is the premier platform for easily creating, publishing and managing sophisticated rich media content on the Web. With Sprout, anyone can quickly and easily build widgets, minisites, banners and other rich media content for their blog, social networking profile or web site.

How Much They Got From VCs:
Sprout, the premier platform for easily creating, publishing and managing rich media Web content, has closed a $5 million Series B financing led by Polaris Venture Partners. Mike Hirshland, general partner at Polaris, has joined Sprout's board of directors. Existing investor Global Venture Capital (gvc) and legendary entrepreneur Mitch Kapor, founder of Lotus Development Corporation and designer of Lotus 1-2-3, also participated in the round.

About VCs:
Polaris Venture Partners

A national venture capital firm with over $3 billion under management, Polaris invests in seed, early stage and growth equity businesses in the technology, life science, digital media, enertech and consumer sectors. Other digital media investments in Polaris' portfolio include Automattic/Wordpress, BlackArrow, Heavy, JibJab Media, Quantcast and Turbine Entertainment.

Through a philosophy of lead investing and active, long-term partnering with entrepreneurs and management teams, Polaris has helped many companies achieve outstanding success.

More at:http://www.sproutbuilder.com.

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