Publishing Startup Graphicly Raising $1M More As It Aims For Profitability

One to watch


Graphicly is about to close a $1 million bridge round of funding, as first revealed in a regulatory filing.

The company started out as a marketplace for digital comics, but last year it launched a new set of tools aimed at helping publishers distribute their content onto a wide range of platforms, including iOS, Android, and Kindle. CEO Micah Baldwin told me today that things have been taking off, with millions of dollars in annual revenue and 1,500 percent growth year-over-year. (And even though it’s no longer focused exclusively on comics, it recently announced a big comics deal to distribute more than 60 Peanuts titles.)

Baldwin added that the funding is supposed to get Graphicly to profitability, which the company should reach by the middle of 2013. At that point, the startup may raise a larger Series B.

And he has other plans for 2013. Right now, he said…

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