Flypaper Studio Raises $3M in Series A

Phoenix-based Flypaper Studio Inc., a publisher of Web design software, announced Wednesday that it has raised $3M in a first round of venture financing. Flypaper said Sierra Ventures of Menlo Park, Calif., and SCF Arizona of Phoenix served as Series A investors. Flypaper debuted its application at last week's DEMO 2008 Conference in Palm Desert, Calif. The utility allows users to create, edit and share interactive presentations over the Web or in person. More information »