DocStoc Raises $3.25 Million in Series B Funding

DocStoc, an LA-based start-up that makes sharing and embedding documents simple, has raised $3.25 million in Series B funding from Rustic Canyon Partners. The company had raised an undisclosed amount of money earlier. The funds put the company on somewhat of an even playing field with competitor, Scribd, which has reportedly raised $3.5 million from Redpoint Ventures, and recently announced iPaper. In comparison with Scribd, DocStoc is focusing on sharing of “business and legal documents” that will eventually help the company get into the lucrative corporate market.