October 7, 2004

$10 Million Score for MovableType

Six Apart, known for its award-winning and innovative software used by webloggers around the world, announced today that it has received $10 million in Series B funding from August Capital. In addition, the company announced that August Capital partners David F. Marquardt, a member of the board of directors of Microsoft and Seagate Technologies, and David M. Hornik, a member of the board of directors of PayCycle and Nomis, have joined Six Apart's board of directors. Terms of the investment were not disclosed.

....In addition, the company has added depth to its management team, established Japanese and European subsidiaries, signed licensing agreements with systems integrator Hitachi, telecommunications leader NTT and ISP NIFTY and established a partnership with mobile leader Nokia. The company said the funds will be used for continued product development, international expansion, increased customer support and sales and marketing initiatives.

....August Capital joins Neoteny as an investor in Six Apart. Neoteny,[Joi Ito] a Japanese venture capital firm focused on the rapidly expanding realm of the networked computer, led the company's Series A round.

-- Six Apart Press Release

Posted by Vanderleun at October 7, 2004 2:10 PM
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