Description

Scribd, Inc. announced that it has closed $9 million in Series B financing led by Charles River Ventures with re-investment from Redpoint Ventures and Kinsey Hills Group. The company also announced that George Consagra, most recently COO of popular social network Bebo, has joined Scribd as President. He will oversee the expansion of Scribd’s business operations, including business development, sales, finance and marketing. As an early executive, Consagra helped Bebo grow its membership from 20 million to more than 45 million during his tenure and through the company’s $850 million acquisition by AOL earlier this year.