Seesaw, a San Francisco, CA-based platform that allows users to get opinions from friends, has been acquired by Byliner, a San Francisco, CA-based subscription reading service and digital publisher of short fiction and nonfiction.
The amount of the deal – announced by Seesaw in a post, was not disclosed. The startup, which has been backed by Freestyle Capital, Baseline Ventures, First Round Capital and Betaworks, will retire the Seesaw app at the end of 2013 as the team (led by Aaron Gotwalt, Jesse Engle, and Kyle Sollenberger) will join Byliner to build the platform.
Founded in 2011 by John Tayman and Mark Bryant, Byliner works directly with writers to deliver their stories to readers by publishing original fiction and nonfiction e-shorts to be read in two hours or less. Authors include Amy Tan, Margaret Atwood, Jon Krakauer, Nick Hornby, Sebastian Junger, etc.
The company, which also has team members in Santa Fe, and New York City, is backed by Freestyle Capital, SoftTech VC, Andrew Anker, Karl Jacob, Russ Siegelman, Avalon Ventures, Bullpen Capital, Random House Ventures, ICG Ventures, and CrunchFund.
FinSMEs
26/11/2013