CoverItLive raises $1.2 Million – Kedrosky included

Techcrunch is reporting this morning that CoverItLive has raised $1.2 Million from its current investor and private equity fund Flagstone Capital and well-known investor and entrepreneur Paul Kedrosky.

Last week we reported that CoverItLive was launching a enterprise version that could be a serious money-maker. Turns out investors agreed. Congrats again CoverItLive CEO Keith McSpurren and his three person team on raising money in this tough economy.

Interesting side note – this time last year at MacWorld Kedrosky called CoverItLive “potentially game-changing” even though it got off to a shaky start.