PadPressed grows up – Raises $1 million

Remember our PadPressed usage update from last week? It’s a good product but we were slightly surprised to hear ¬†through WooTheme’s Adii on Twitter, that they have raised $1 million dollars and have transformed themselves onto a new company called “OnSwipe.” With the new onslaught of tablets coming out this year, they have a solid chance to capture some tablet publishing market-share. There’s also a good article on TechCrunch with more details on the $1 million investment.

It’s encouraging to hear that a company based around the WP platform could raise a decent amount of capital.