NewspaperDirect Raises $5 Mil.

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NewspaperDirect, the New York-based print-on-demand technology company, raised $5 million in third round venture capital funding, led by new investor United Venture Capital.

Previous investors, including Esther Dyson, also participated in the funding round, according to the company.

NewspaperDirect’s technology allows newspapers to distribute and print current editions at locations around the world. The additional funding will be used to boost marketing and sales efforts for the company and its license partners, which includes over 90 newspaper titles.

The company also announced that the Los Angeles Times recently became a client.

NewspaperDirect will print and distribute papers from around the world at the Salt Lake City Winter Olympics next month, in conjunction with Newspaper Agency Corp.

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