TheWrap Secures $2,000,000 Series B Funding

  • Feed Type
  • Date
    4/26/2010
  • Company Name
    TheWrap
  • Mailing Address
    Undisclosed Hollywood, CA 90027
  • Company Description
    TheWrap.Com, a unique primary news source focused on the business of entertainment and media, reached the two month mark this week with rapid growth in readership and widespread adoption in the entertainment industry. Founded by award-winning journalist Sharon Waxman, TheWrap has achieved instant recognition worldwide as a reliable and independent source by both media and industry professionals, delivering high-profile news breaks, investigative stories and authoritative analysis.
  • Website
    http://www.thewrap.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The new funding for TheWrap will be used for expansion of news coverage, Waxman told me, including a redesign that’s coming later in summer.
  • M&A Terms
  • Venture Investor
    Maveron LLC
  • Venture Investor
    Undisclosed

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