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Mansueto Ventures forms Mansueto Digital with $10 million investment

Published on .

New York—Mansueto Ventures, which publishes Fast Company and Inc., announced the formation of Mansueto Digital and a $10 million investment in the new division. Mansueto Digital has been formed to help grow Inc.com., Fast Company.com and IncTechnology.com. In addition to investing in those Web sites, Mansueto Digital plans to launch a Web site dedicated to business networking and database services exclusively for private companies; a social/business networking platform for business people; a partnership with a Chinese Web site that will provide small business directory listings about the entrepreneurial class in China; mobile Web sites for both Inc. and Fast Company; a Web site with a directory for individuals who want to buy and sell their business and a Web site for people who want to learn more about franchising. According to the most recent ABCi audited traffic report, FastCompany.com and Inc.com together reached an audience of 1.4 million monthly visitors.
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