Pocket, a San Francisco, CA-based platform for users to save online content, raised $7m in venture capital funding.
The round was led by New Enterprise Associates with participation from Axel Springer, Digital Garage, Ashton Kutcher and Guy Oseary’s new fund Sound Ventures, Kyle Bruck, Jared Kopf (Angel List Syndicate), Queensbridge, and Steve Vassallo with Foundation Capital. In conjunction with the funding, Dayna Grayson, a general partner at NEA, joined Pocket’s board of directors.
The company intends to use the funds to scale the team in order to expand its reach through innovative new product offerings and partner integrations.
Led by Nate Weiner, Founder and CEO, Pocket provides a web app that allows people to save articles, videos, etc., from the web for later viewing. Once saved to Pocket, the list of content is visible on any device — phone, tablet or computer. The service currently has more than 17 million registered users and is integrated into more than 1500 apps including Flipboard, Twitter and Zite. It is available for major devices and platforms including iPad, iPhone, Android, Mac, Kindle Fire, Kobo, Google Chrome, Safari, Firefox, Opera and Windows.