![]() ![]() We are all focused on that big goal and raised this capital to move even faster,” he said in a statement. “We have the senior management, board, and investors we need to build the next great media company: socially native, tech enabled, with massive scale. CEO Peretti, who had also been one of the masterminds behind Huffington Post (now part of AOL, also owner of TechCrunch), says the funding will be used to accelerate building the “next great media company.” Some believe that we are entering a period in which the big social media companies out there - up to now focused on scale - are going to start to have to think about making money. The funding takes the total raised by BuzzFeed to $46.3 million. ![]() The Series D round was led by new investor NEA with existing investors RRE, Hearst, SoftBank, and Lerer Ventures also participating, as well as new investors Michael and Kass Lazerow - the founders of a social empire of another sort, Buddy Media. BuzzFeed, the online social publishing powerhouse with 40 million readers started and headed by Jonah Peretti, today announced that it has raised another $19.3 million to continue building out its empire.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |