URL shortener Bit.ly has raised a $10 million series B of funding led by RRE, TechCrunch’s Erick Schonfeld reports.
Bit.ly began powering branded, white-label shorteners for web publishers earlier this year. It is also collaborating with The New York Times on a social news product called News.me.
AOL Ventures was also a new investor in the round, joined by existing investors OATV, Mitch Kapor, Founders Fund, SV Angel, Joshua Stylman, Peter Hershberg, David Shen, and Betaworks.
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