Outside.in Announces $3M Round of Financing, and Appoints New Chief Executive Officer

Outside.in Announces $3M Round of Financing, and Appoints New Chief Executive
Officer
Popular Hyperlocal News Site and Technology Platform Receives Additional
Funding and Names Mark Josephson as CEO

BROOKLYN, N.Y., May 20 /PRNewswire/ -- Outside.in (http://www.outside.in),
the web's leading platform for neighborhood news and conversation, announced
the hiring of Mark Josephson, former President of Seevast Corp. and General
Manager of About.com. The company also announced a round of financing that
includes existing investors Union Square Ventures, Milestone Venture Partners,
Betaworks, and a group of prominent angel investors led by George Crowley. A
new investor, the New York City Investment Fund, also joined the round.
This round of financing will fund the continued development of
industry-leading consumer tools available at http://www.outside.in, as well as
the expansion of the suite of products and services that empower content
publishers of all sizes.
Co-founder and former CEO, Steven Berlin Johnson will remain actively
involved as Executive Chairman.
"There is a huge opportunity to connect the Internet to people's offline
lives and Outside.in's tools empower greater knowledge about local communities
and neighborhoods, down to the street level," said Mark Josephson. "The team
at Outside.in is determined to revolutionize how 'local media' is defined and
I am thrilled to join them in that quest."
"We've spent the past 18 months building the largest database of
place-based content on the web, and we've developed pioneering tools for
exploring all that information. Mark's skills and experience make him
uniquely suited to turn those tools into a dynamic business," said Johnson.
"And the continued support from our investors is a great vote of confidence in
the model we've developed."
About Outside.in
Outside.in (http://www.outside.in) is the web's leading platform for
neighborhood news and conversation. Outside.in's technology dynamically maps
web content to offline locations, which enables hyperlocal news discovery and
sharing for consumers and provides powerful tools for content creators of all
sizes. The company was founded by Web pioneer and bestselling author Steven
Berlin Johnson and acclaimed social media creator John Geraci. For more
information, visit the http://www.outside.in or the company's blog at
http://blog.outside.in.
SOURCE Outside.in

Bob Richter, +1-212-802-8588, bob@richtermedia.com, for Outside.in