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NewsGator Gets $12 Million

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newsgator_logo.pngMakers of the desktop RSS reader, NewsGator, have raised a $12 million led by a new investor, Vista Ventures, and supported by existing investors Mobius, Venture Capital, and Masthead Venture Partners. This brings the total raised by NewsGator to $30 million over three rounds.

Their RSS reader has been a personal favorite of the TechCrunch team. I use it over Google reader, which can lag behind in keeping my feeds up to date. They also have a mobile version.

Although we know the company best for the reader, NewsGator has also developed several other RSS related products. They have enterprise servers for syndicating information from the web to your employees, their own widget framework, and a host of personal products. Readers considering enterprise syndication services should check out our coverage of Attensa too.

Update: NewsGator CEO J.B. Holston adds:

Over 1 million folks rely on NewsGator daily – whether through FeedDemon, NetNewsWire, our mobile applications, our enterprise server at 12 of the Fortune 100 (and many more companies), or readers of over 50 sites who work with our content and widgets (USA Today, CBS News, etc etc).

He confirms that NewsGator’s main sources of revenues come from licensing its software to enterprises and monthly service fees from media and consumer-products companies. The new investment will go towards strengthening its position “in the enterprise RSS space,” and he expects this will get the company to a breakeven point on profits.

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