PayPerPost released news on the 3rd of October, stating that they have secured $3,000,000 of venture capital from Inflexion Partners, Village Ventures, and Draper Fisher Jurveston.
Ted Murphy is the founder of PayPerPost, which was born as a spinout of his interactive agency, MindComet.
With this secured capital, PayPerPost can continue to grow and support the incoming bloggers. This capital is also the first outside financing that PayPerPost has received.
Below is the full press release from PayPerPost. Transcription of the post should be made available in text only format soon.
