Monday, August 11, 2008

ELDR Media Gets $1.25M

Berkeley-based ELDR Media, a media publisher focused on the elderly, has scored $1.25M in a seed round, according to angel group the Keiretsu Forum. Other investors were not disclosed. The Keiretsu Forum announced the funding last week, saying that all four Bay Area chapters participated in the round, staking $175,000 in the funding. Keiretsu Forum said ELDR Media will use the funding to hire a head of sales, grow circulation, build out its online community, and increase operating capital. More information »