TheWrap Secures $2,000,000 Series B Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa72f8ca-a0ef-4470-9c07-7354363ba307&Preview=1 -
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
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Venture Investor
Maveron LLC -
Venture Investor
Undisclosed
