Best Buy's Anniversary Sale Samsung Could One-Up Apple Peloton Alternatives GMMK Pro Keyboard Review Natural Sleep Aids $59 Off Apple TV Equifax Error: Check Your Status Biggest Rent Increases
Want CNET to notify you of price drops and the latest stories?
No, thank you

Scribd chalks up another $9 million

The Series B round will be used to speed up product development and make new hires, like new president George Consagra.

Document-sharing service Scribd has pulled in $9 million in a Series B funding round, the company announced Friday. The round was led by Charles River Ventures with participation from existing investors Redpoint Ventures and Kinsey Hills Group.

With the new cash, Scribd plans to speed up its product development and hire new employees.

And the first of those hires was announced in conjunction with the funding announcement: George Consagra, who most recently served as chief operating officer of AOL's Bebo, has been hired as president. (Co-founder Trip Adler has the CEO post.)

Scribd's monthly user count is now at around 50 million, the company said.