Ad Giant WPP Leads $4.4M Round In Muzy, A Mobile Microblogging Startup With 20M Users

Advertising giant WPP is taking another step into the world of startup investments, this time specifically in mobile and social media. WPP Ventures, a new investment arm of WPP Digital, today announced a stake in Muzy, a social media platform that presents its content arranged in a Pinterest-style grid layout. The site, in some regards, has flown under the radar, but it has some 20 million users and is adding 1 million each month. Terms of the investment were not disclosed but we are trying to find out. It is angel-backed by Marc Andreessen and Ben Horowitz, and we've found out that the total size of this latest round is $4.4 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Htj7pfO4lxo/

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