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Issuu Gets $5 Million Infusion, Adds Features And Premium VersionOctober 28th, 2008 at 3:30 pmSource:TechCrunch 24 of 26 announced launch partners have yet to integrate Facebook Connect. We’ve spoken with a number of them. All say they are still planning to integrate the product eventually, but complain of bugs and other issues and wasted development efforts to date. Some, afraid of policy changes that will make Facebook Connect less interesting, also say they’re waiting to see the final product before launching. A number of new features are being added. One, called FriendLink, allows a site using Facebook Connect to pass email addresses to Facebook and get friend recommendations back. This allows sites to make connections between users that they may not know about yet (but that Facebook already knows about). It’s a key feature that is attracting a number of partners, we’ve heard. Issuu just announced it has raised $5 million in a Series B investment from Sunstone Capital, which had already provided Series A funding to the amount of $1.25 million in early 2007. The Copenhagen, Denmark-based startup has also added a slew of new features to its existing product and launched a premium version for professional publishers. When we first came across Issuu, which turns uploaded documents into interactive online publications for free, we said it was one of the first service of its kind that didn’t suck. In addition to the funding announcement, the company is also releasing a major product update. |
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