Scribd Hires Bebo COO, Secures $9 Million Funding

moneySocial publishing company Scribd, Inc. has closed $9 million in Series B financing and is getting a new president: George Consagra, most recently chief operating officer at social network Bebo.

The investment was led by Charles River Ventures with re-investment from Redpoint Ventures and Kinsey Hills Group. The new capital has already been earmarked for additional hires, and accelerated product development.

Consagra 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.

"He's a brilliant operational executive," Trip Adler, CEO and co-founder of Scribd, said of Consagra. Prior to Bebo, Consagra was an executive at interactive media agency Organic.

Scribd presently claims more than 50 million readers each month, with over 50,000 new writings and documents uploaded daily. The company's document reader technology, iPaper, enables anyone to simply upload PDF, Word, PowerPoint and other document types and share on Scribd.com or embed on thousands of other Web sites.

In addition, Bill Tai of Charles River Ventures will join Geoff Yang of Redpoint Ventures, as well as co-founders Adler, Jared Friedman and Tikhon Bernstam on Scribd's board of directors.

Tammy Nam, who led marketing communications for social applications developer Slide, also recently joined Scribd as vice president for marketing.

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