Redmond-based Tagboard, a cloud production and graphics platform, announced Tuesday that it raised an additional $2.3 million in a secondary closing of Series A funding.
That brings Tagboard’s Series A funding round to $10.3 million following an announced $8 million round in February.
Investors in the secondary closing were WestRiver Group, Spivy Private Capital, and Sports Loft, according to a blog post from CEO Nathan Peterson. The new investors join Grayhawk Capital, Next Frontier Capital, Sinclair Broadcast Group, and Wise Ventures as investors in Tagboard.
Anthony Bontrager, managing director at Seattle-based WestRiver Group, is joining Tagboard’s board of directors, Peterson wrote. In the post, Bontrager said, "Tagboard has quickly emerged as the cloud platform of choice for major media and broadcast organizations looking to redefine how they produce and tell stories.”
Tagboard is the preferred cloud production software for more than 600 media brands worldwide, Peterson wrote, noting media partners produced more than 20 million stories using Tagboard in the past year, with an average of 1,200 graphics incorporated into stories each day.