Hearst, McGraw-Hill invest in Gather.com

Cory Bergman November 17th, 2006

Social networking site Gather.com has raised $10 million in funding from a variety of sources including Hearst and McGraw-Hill. The funds will be used to strengthen the site’s position as the “leader in social media for grown-ups,” Gather.com said, and its strategy will include “building tight partnerships with leading media properties.”