paidContent - Content Licensing Startup GumGum Adds $2.6 Million In Funding
Wednesday, July 8, 2009; 9:29 PM
Digital content licensing startup GumGum has raised $2.6 million in funding, according to an SEC filing just filed. GRP Venture Partners led the round, with participation from previous backer First Round Capital. The L.A.-based startup has raised around $3.8 million in total, including the first tranche of a $1 million first round from First Round and Crosscut Ventures last year. The company declined to comment on where the funding came from and its plans moving forward.
Founded in 2006 by former Mojungle CEO Ophir Tanz, publishers like Gawker use GumGum's image licensing and monetization platform to secure photos for their sites; rival startups include newly-launched Fotoglif (per VB).