Pocket raises $5M Series B to expand its ‘save for later’ services

Content curation app Pocket announced today it has raised a $5 million Series B round of funding from Foundation Capital, Baseline Ventures and Google Ventures. All three were previous investors from Pocket’s $2.5 million Series A round. Today’s announcement brings Pocket’s total funding to $7.5 million.

The service, which began life as Read It Later and rebranded as Pocket in April , allows users to save online content such as articles, videos and images to view at a later time. According to the company’s blog post, since rebranding as Pocket, users are now saving nearly 1 million items of content a day, with 70 percent of those users saving and viewing content on multiple devices.

Pocket will use the new funding to hire more staff and expand to more platforms and devices. Pocket is currently available on Google Play, iTunes, the Amazon Appstore and online, and is integrated into more than 350 apps including Twitter, Flipboard and Zite.