Fresh Funding: IPV Participates in a $1 Mn Funding Round for Publishing Platform Pencil


Source: thetechpanda.com thetechpanda.com

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Shutterstock Pencil , a Mumbai-based publishing platform turning books into living content using analytics and dynamic editing, has announced raising US$ 1 million in the Pre-Series-A round. The current round has been led by the US-based venture capital firm SOSV. Inflection Point Ventures (IPV) and Artesian, who have come on board as new investors, also participated in the round along with existing investors from Mumbai Angels and SucSEED. Pencil heralds the next wave of dynamic content consumption and the creator economy. Just as YouTube and Instagram have transformed video and photo content, Pencil is catering to the needs of millions...