Wednesday, May 15, 2013

Skift Lands $1.1M for Travel Publishing

Skift, the online travel publishing site started by Rafat Ali--the founder of Paidcontent.org, which was based in Santa Monica--has raised $1.1M in a new funding round. The funding came from Lerer Ventures, along with Ironfire Angel, MESA+, Advancit Capital, Growlab+LX Ventures, Jason Calacanis, Michael Cunniff, Duncan Jennings, Sean Keener, Shakil Khan, Martin Nisenholtz, Paul Noglows, and Michael Yavonditte. Skift is based in New York.

Ali's new travel site focuses on travel industry related news; the publisher said the new funding will go towards doubling its staff from 5 to 10 people, to build out its initial sales infrastructure, as well as for building out its data services. The company has a number of other angel investors from the Los Angeles area, in addition to Calacanis, given Ali's prior success here on the West Coast.

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