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RSS Feed Provider Newsgator Secures $12 Million Fifth Round Funding

Newsgator, the RSS feed aggregator, has raised $12 million in a fifth round funding, PEHub reports. The round was led by Vista Ventures, with previous investors Mobius Venture Capital and Masthead Venture Partners participating as well. Newgator raised $7 million in a fourth round in the spring of 2006. Including this new financing, the Denver, CO-based company has raised a total of $29 million. The company will use the money to expand marketing and sales efforts in the United States, Europe and Japan, with the goal to become break-even as a company, it said. More in release.