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SmallRivers SA, the Swiss creator of Paper.li drew financing from Highland Capital Partners, SoftBank Capital and Endeavour Vision. In conjunction with the financing, SmallRivers got two new members on its board of directors: Dan Nova of Highland and Ronald Fisher of SoftBank.
Paper.li creates "custom newspapers" for Twitter and — as of last month — Facebook as well, by culling content based on keywords, usernames and hashtags. Launched last summer, the site currently has 2 million unique visitors, operates in four languages (English, Spanish, German and French) and publishes 140,000 user-created daily newspapers, according to the company.