Via Gigaom – Squarespace Gets $38M to Compete With WordPress and Six Apart: Squarespace, a hosted content service that competes with companies such as WordPress (see disclosure below) has closed a $38-million financing round from two leading technology VCs — Accel Partners and Index Ventures — that will give the seven-year-old company a significant warchest and some substantial backing in the battle for digital-publishing market share.

Best quote:

…the idea that a major media entity can be published using the same tools that bloggers use (the site is based on Moveable Type from Six Apart), and that blog software can be a competitor for the expensive and time-consuming content-management systems that are used by many traditional media outlets — some of which use WordPress and other tools to publish their blogs, but few of which have moved to using such tools for their entire websites.

Wishing them success. I’ve never used the tool but its users are enthusiastic.