Sign up FAST! Login

Sulia at 10 million monthly actives; 9 employees; raises $5m.

Stashed in: Monetization

To save this post, select a stash from drop-down menu or type in a new one:

If Sulia can raise $5 million there's hope for other Startups.

Sulia, a New York-based startup building a publishing platform that could be described as a more-organized, slightly longer-form version of Twitter, has raised another $4 million to $5 million in capital.

Venture capital firm Greycroft Ventures led the round and existing Sulia investor FirstMark Capital participated.

In a release, Sulia says 10 million individuals will see content produced by the site this month – up from zero 18 months ago, when the network launched.

Sulia does not disclose how many account holders it currently has. Much of Sulia's content is actually automatically pulled from other social publishing platforms, like Twitter and Tumblr.

Sulia: 10 million monthly actives, 9 employees, $5 million in funding.

They monetize with ads in the streams -- see image above for an example.

You May Also Like: