Another cash infusion for Gather.com

Gather.com, the social network in which American Public Media holds a controlling interest, announced yesterday that it has secured $5.3 million in equity financing. Investors include Allen & Company, American Public Media, former chief executive officer of Lotus Development Corporation Jim Manzi, former Hill Holiday chief executive officer Jack Connors, Kevin McClatchy, Andrew Tobias and the Gerace family. The Boston-based company benefited from a big surge in “engagement marketing” bookings, according to this news release. The investors’ cash will “fund operations at its current run rate through to profitability expected in early 2010.” Paidcontent reports that Gather has raised “at least $25 million over the years since being founded in 2004.”