High Gear Media Garners $5,500,000 Series B Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4946214-e40b-479e-bc61-e7863dbd7a49&Preview=1 -
Date
6/30/2009 -
Company Name
High Gear Media -
Mailing Address
385 Forest Ave Palo Alto, CA 94301 -
Company Description
The Car Advisory Network is developing a “next generation media platform” for the auto industry.High Gear Media is the Web’s automotive authority. We bring together a powerful technology platform, deep editorial expertise, and a unique model of publishing multiple automotive media sites to address every interest and lifestyle. Our executives have a track record building web experiences at companies like Shoplocal, Yahoo!, Sidestep, and Farechase. -
Website
http://www.highgearmedia.com -
Transaction Type
Venture Equity -
Transaction Amount
$5,500,000 -
Transaction Round
Series B -
Proceeds Purposes
The funds will be used for further expansion of High Gear Media’s technology platform and strategic acquisitions to accelerate the growth of its network of owned and operated websites. -
M&A Terms
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Venture Investor
DAG Ventures -
Venture Investor
Accel Partners -
Venture Investor
Greylock Partners
