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Read-It-Later Service Pocket Raises $7 Million to Spend Now

Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

Pocket, the service that lets users save the content of Web pages so they can read it later, has raised $7 million in a round led by New Enterprise Associates. Pocket, which says it has 17 million registered users but hasn’t disclosed how many regularly use the service, has raised $14.5 million to date. It competes with Betaworks’ Instapaper as well as features like Apple’s “Reading List.”

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