Paperlit Raises Funding in Italy

Paperlit Inc., a Menlo Park, CA-based provider of a publishing and mobile monetization solution for newspapers, magazines, catalogues and newsletters, has received an undisclosed financing from Ingenium Sardegna, a regional public-private venture capital fund.
The company operates an European office located in the ICT The Net Value Incubator in Cagliari, Italy.
The investment marks the first operation from the €35m fund, which is managed by Zernike Meta Ventures Spa.

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