San Francisco -- Say Media, the San Francisco-based digital media company, said on Thursday it has raised $27 million in a new round of funding, led by New Enterprise Associates (NEA). Other participants included Shea Ventures and Correlation Ventures, as well as previous backers August Capital, First Round Capital, Maveron, WPP, Focus Ventures and Neoteny. Paul Hsiao, a partner at NEA's Menlo Park office, has been named to the company's board of directors. Say Media was formed in late 2010 when online video advertising firm VideoEgg acquired Six Apart, the blogging software provider behind MoveableType and TypePad.
http://www.saymedia.com
http://www.nea.com
http://saydaily.com/2012/07/say-welcomes-new-investors.html
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