Medium, a San Francisco, CA-based social publishing platform dedicated to ideas and stories, raised $50M in Series C financing.
The round was led by Spark Capital with participation from Andreessen Horowitz and GV (formerly Google Ventures), and Ev Williams, CEO of Medium. In conjunction with the funding, Ben Horowitz and Judy Estrin will be joining the board while David Sze from Greylock will be stepping down.
The company intends to use the funds to continue tom develop the platform and expand operations (it is hiring).
Founded by Ev Williams (the man behind Blogger and Twitter), Medium is a publishing platform which aims to connect thinkers across stories and ideas and allows readers to discover content based on what others are reading, recommending, and responding to.