Oak Puts $25M into Huffington Post

Wade Roush12/1/08

Westport, CT- and Palo Alto, CA-based Oak Investment Partners is the sole participant in a $25 million financing round for the Huffington Post, the news and politics site co-founded by Arianna Huffington, according to a report today in the Wall Street Journal‘s technology news site AllThingsD. Earlier reports in the Times of London and other outlets had put the Oak investment at $15 to $20 million. The investment raises the Huffington Post’s total venture pot to about $37 million and gives the company a valuation just shy of $100 million.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.