Zinio Lands $20M In New Financing

If you like to read digital publications you will like this news. Digital magazine firm Zinio has raised some new funding that will help it to launch a digital newsstand. Zinio has apps for computers and just about every mobile device out there. The cool part is that the digital magazines are pretty much exactly like the print counterparts.

There is no word on where the financing came from at this point. The tip that the money had been raised came from an SEC filing. We aren't exactly sure that the new round of financing will be used for. At this point, there is no official word from Zinio.

Perhaps they have something up their sleeve to allow more competition with Apple and other firms that have digital publications. It will be interesting to see what comes out of the new round of financing. Do you use Zinio? Which is better Apple's digital newsstand or Zinio?

[via TechCrunch]