Captricity Inc , a cloud-based service which captures digital data from paper documents today announced an investment from the Knight Foundation Enterprise Fund which provides early-stage venture funding for media innovation The investment brings the total amount Captricity has raised to date to $1 6 million
The new digital divide is access to data We have always envisioned Captricity as playing a key role in democratizing access to public data said Kuang Chen Captricity CEO We are delighted that Knight Foundation also sees the immense potential in making more of the world’s data available to the public ”
We are excited about the team the prospects for the company and in particular the potential to make dramatically more data available to the public including journalists said Ben Wirz Knight Foundation’s director of business consulting We look forward to building awareness of the company’s product and services among Knight’s network of communities nonprofits and media organizations ”
Knight Foundation is the nation’s leading funder of journalism and media innovation The foundation has invested more than 100 million in media innovation since , mainly through grants to non-profits The Knight Enterprise Fund which was launched in , invests funds from the foundation’s endowment in for-profit start-ups aligned with Knight’s mission of promoting informed and engaged communities
The Knight Enterprise Fund joins Menlo Ventures Charles River Ventures Attractor Ventures Sky Dayton and other investors as new backers to have invested in 2012 Captricity’s initial investors include Greylock Partners Social + Capital Partnership Kapor Capital and Atlas Ventures
About Captricity
Captricity is an award-winning cloud-based service that turns paper information into digital data more easily quickly and cheaply than existing alternatives The company was founded in 2011 by Kuang Chen and Jeff J Lin For more information please visit http://captricity com/press-center
About Knight Foundation
Knight Foundation supports transformational ideas that promote quality journalism advance media innovation engage communities and foster the arts They believe that democracy thrives when people and communities are informed and engaged For more visit http://www knightfoundation org
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