Medium, the on-line publishing platform led by Twitter co-founder Ev Williams, just introduced that it has elevated $50 million in Series C funding.
It is been less than a 12 months due to the fact Medium elevated a $57 million Series B, but Williams wrote that the firm resolved to elevate further funding “to bolster our means now presented the desire we’ve noticed for the vision we are constructing towards.”
The round was led by Spark Cash, which experienced also invested in Twitter. Spark’s Kevin Thau (formerly an government at Twitter) spelled out the expenditure in a article, arguing that there’s an opportunity for extra “verticalized” social media encounters and contrasting “the thoughtful, timeless nature of Medium” with the ephemerality of Snapchat.
This is why we are energized about Medium. The toughest point for corporations to do is concentrate, but when you do it aligns every little thing. Medium is only centered on becoming the very best location to go through and compose exciting things. A single intent publishing software, community, and ecosystem constructed to share the composed phrase.
Williams also claimed that Andreessen Horowitz’s Ben Horowitz and JLabs CEO Judy Estrin are joining Medium’s board of administrators, though Greylock’s David Sze is stepping down. (Greylock’s Josh Elman will remain.)
Earlier this thirty day period, the company revealed that hundreds of independent publications, including The Axe and Pacific Typical, experienced agreed to go all-in on the Medium platform.