# Pocket Communications Northeast

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pocket-communications-northeast

- Industry: Telecoms
- Headquarters: Bloomfield, US
- Website: www.pocket.com
- Total disclosed funding: $25M
- Latest round: Series B (Feb 20, 2009)
- Investors on record: 3

## About

Pocket Communications Northeast specialized in content management and discovery, focusing on helping users save and organize articles for later reading through its innovative app.Founded in 2006, Pocket Communications Northeast operated as a platform dedicated to content management before ceasing operations. The company was headquartered in Bloomfield, US, having launched its core product, the read-it-later app, in 2007. The app was acquired by Mozilla in 2017, enabling further enhancements in content curation and discovery. Over its operational period, Pocket had secured funding through multiple rounds, culminating in a Series B round where it raised USD 25.00 mn from investors including Bank Street Capital Partners, Battery Ventures, and CRV, matching its total raised amount of USD 25.00 mn.Pocket's core product offering was its read-it-later and content discovery app, designed to help users save articles and discover stories worth reading. The app allowed users to curate content from various sources and access it later across multiple platforms, including web, Android, iOS, and macOS devices. Released in its original form in 2007 and later acquired by Mozilla in 2017, Pocket evolved to incorporate advanced content curation and recommendation capabilities. The service catered to millions of users globally, serving individuals who wished to manage their reading lists effectively and discover high-quality web content tailored to their interests. Throughout its operational tenure, Pocket expanded its reach to over a dozen countries and five languages, connecting users from diverse geographical markets, including North America, Europe, and parts of Asia.Pocket generated revenue primarily through premium subscription offerings that provided users with enhanced features beyond the core free service. The subscription model included monthly and annual plans, allowing users to access additional functionalities such as advanced tagging, search options, and an ad-free experience. Transactions occurred directly between Pocket and its end users, with clients subscribing to the service via their respective app stores or the Pocket website. Premium subscriptions were structured to automatically renew, ensuring a seamless user experience unless canceled by the subscriber. The revenue model aimed to support the ongoing development of Pocket’s features and maintain high-quality content recommendations for its user base.Pocket Communications Northeast went out of business.

## Funding rounds

- Series B, Feb 20, 2009, $25M — Battery Ventures, CRV, Bank Street Capital Partners

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- CRV (https://capitalatlas.ai/funds/crv) — Series B
- Bank Street Capital Partners (https://capitalatlas.ai/funds/bank-street-capital-partners) — Series B