BuzzFeed Obtains $8,000,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=64abf8a8-0938-4f10-914e-93c4597651ed&Preview=1 -
Date
5/12/2010 -
Company Name
BuzzFeed -
Mailing Address
167 Canal Street New York, NY 10013 -
Company Description
The web is a 24/7 popularity contest. We help the good stuff win.We feature the kind of things you’d want to pass along to your friends: an outrageous video that’s about to go viral, an obscure subculture breaking into the mainstream, a juicy bit of gossip that everyone at the office will be talking about tomorrow, or an ordinary guy having his glorious 15-minutes of fame. -
Website
http://www.buzzfeed.com -
Transaction Type
Venture Equity -
Transaction Amount
$8,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The company plans to use the new money scale up and launch a new self-serve product that will allow publishers and brands to try to manage their own viral buzz campaign. -
M&A Terms
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Venture Investor
RRE Ventures -
Venture Investor
Founder Collective -
Venture Investor
Individual Investor
