Wednesday, October 29, 2008

Helium Raises $17 Million in First Round - Andover, MA

Helium, an Andover-based, online “citizen journalism hub,” announced on Wednesday that it has raised $17 million in its first round of venture capital, which was led by Signature Capital. currently has a community of over 150,000 writers, who cover a broad range of subjects. The company recently announced a change to its terms of service, in which “starred” writers on will receive upfront payments for all new articles, “in a move to reward the site’s highest quality writers and to promote quality content at” The company said it will use the new funding to “build tight partnerships with leading publishers and provide support for the launch of new digital media products.”


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