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DENVER—A Denver-focused daily Web magazine led by former staffers of the defunct Rocky Mountain News and others plans to officially launch Monday.

A dozen equity owners, about a dozen freelancers and partner blogs are providing content for the Rocky Mountain Independent.

One editor, Steve Foster, wouldn’t say how much owners have invested but said it’s enough to get through three months as the group finalizes a business plan. Another editor, Cindy House, says the group will re-evaluate next steps after that.

The site is seeking advertisers.

Several people behind the Rocky Mountain Independent also worked on InDenverTimes, an online venture backed by three entrepreneurs who pulled back after the site missed subscription goals.

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