Docstoc, the professional document repository and community, has raised $3.25 Million in Series B funding. The round was led by Rustic Canyon Partners, and brings their total funding to over $4 Million.

Docstoc serves as a repository for professional documents, featuring forms, templates, and a variety of other material. Its flash-based viewer can be embedded into other pages, allowing documents to be viewed on external sites without needing an outside reader like Acrobat or Word.

The company is also introducing a Content Partnership Program (CPP) that will allow content providers to place their own ads around their documents, and to collect any revenue they accrue. The program is free of charge, but applicants will be screened for quality. Docstoc CEO Jason Nazar says that the program is designed to improve the amount of high-quality content on the site while establishing ties with valuable partners.

Docstoc raised $750k in Series A funding last November in a round led by Scott Walchek, Brett Brewer, Matt Coffin, Robin Richards, and Crosscut Ventures. Their primary competitor is Scribd, launched March 2007, which features a similar embeddable document viewer and a large collection of content. Scribd has raised over $4 Million to date.

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Docstoc Series B Funding Press Release – Get more documents