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Docstoc.com Secures $3.25 Million in Series B; Sights Set on Building the Largest Repository of Publicly Available Documents
Tuesday, April 29, 2008
Company raises a 2nd round of capital led by Rustic Canyon Partners
BEVERLY HILLS, Calif., April 29 /PRNewswire/ -- Docstoc.com, the premier
online community to find and share professional documents, announced today
that it has secured a series B round of financing for $3.25 million. The deal
was led by Rustic Canyon Partners based in Santa Monica, California.
"Rustic Canyon has an esteemed history of investing in successful,
game-changing companies, and we're honored to be included on their roster,"
said Jason Nazar, CEO and co-founder of Docstoc. "Docstoc will be the one
stop destination to find any document, and we will continue to build
technology that integrates with other websites, to enable the sharing and
promotion of valuable content all across the web."
In addition to serving as a destination to find and share documents,
Docstoc has popularized the ability to embed documents (word, excel, ppt, pdf)
in any blog or website. This feature has become widespread amongst the
blogosphere and news sites such as the Huffington Post.
"Docstoc is at the forefront of a profound shift in how people share and
access content," said David Travers of Rustic Canyon Partners. "This
investment will allow them to continue to build the technology and business
team required to amass a comprehensive library of documents from both
user-generated content and corporate partnerships."
Docstoc is currently adding to its full-time staff in Beverly Hills. For
more information, visit http://www.docstoc.com/jobs
About Docstoc.com
Docstoc is premier online community to find and share professional
documents. Docstoc provides the platform to upload and share documents, and
serves as a vast repository of legal, business, financial, technical, and
educational documents that can be easily searched, previewed and downloaded
for free. Docstoc was founded by Jason Nazar and Alon Shwartz in 2006.
About Rustic Canyon Partners
With over $800 million under management, Rustic Canyon Partners invests in
early stage companies positioned for strong growth. The firm focuses on growth
opportunities catalyzed by technological shifts, market evolution, or
regulatory changes. To date, Rustic Canyon has invested in a broad array of
sectors including digital media, business and information services,
communications, software, and renewable energy. Rustic Canyon Partners has
offices in Santa Monica, Silicon Valley and Seattle. For more information,
visit http://www.rusticcanyon.com
SOURCE Docstoc.com
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