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

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.”

This article originally appeared on Recode.net.