BuzzFeed Lands $19,300,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d1379dc7-7ca3-4d7f-a117-fff6b13bed9b&Preview=1 -
Date
1/3/2013 -
Company Name
BuzzFeed -
Mailing Address
54 W. 21st St. 11th Floor New York, NY 10010 -
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
$19,300,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The money will be used for mobile and video development, editorial hires and international expansion, the company said in a release. -
M&A Terms
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Venture Investor
New Enterprise Associates -
Venture Investor
RRE Ventures -
Venture Investor
Hearst Interactive Media -
Venture Investor
SoftBank Capital -
Venture Investor
Lerer Ventures
