Jan 03

Buzzfeed Raises $19 Million to Make LOL Content for the Social Web

Posted in: Uncategorized


Buzzfeed set out to re-invent the notion of content for the social web by allowing pictures of cute animals to co-exist with serious political coverage. Now it has a substantial war chest to do it.

A year after it raised a $15.5 million Series C investment round, Buzzfeed is taking on a fourth round of $19.3 million. The company, helmed by Huffington Post co-founder Jonah Peretti, has now raised a little more than $46 million since its founding in 2008.

Buzzfeed will use the new money to expand internationally, improve its mobile products, hire more writers and editors — of which it already employs 70 — and invest in beefing up its video efforts, it said in a release.

Continue reading at AdAge.com

Related posts:

  1. Social-Media-Management Firm HootSuite Raises $165 Million Vancouver-based social-media-management company HootSuite has just raised an eye-popping $165...
  2. Social-Ad Company Appssavvy Raises $7.1 Million AOL Ventures joined existing investors, including True Ventures and the...
  3. Xtract, Innovator in Social Advertising Intelligence Raises EUR 7.5 Million London, UK and Helsinki, Finland: Xtract, the leader and innovator...
  4. Percolate Brews $1.5 Million to Help Brands Create Content for Social Web A New York-based startup that helps brands sort and curate...
No Responses to “Buzzfeed Raises $19 Million to Make LOL Content for the Social Web”

Post a Comment