BuzzFeed Secures $50,000,000 New Financing

  • Feed Type
  • Date
    8/10/2014
  • Company Name
    BuzzFeed
  • Mailing Address
    54 W. 21st St. 11th Floor New York, NY 10010 USA
  • 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
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    BuzzFeed, Inc announced today a major expansion plan that will build its brand, scale its business opportunities, grow traffic and revenue faster on the web and mobile and maintain its entrepreneurial culture. BuzzFeed’s editorial team will grow and become BuzzFeed News, Buzz, and Life to expand its offerings across the board and to make clear the differences between the three types of content. BuzzFeed’s video division will expand and become BuzzFeed Motion Pictures and will, in addition to its existing short form, focus on all moving images from a GIF to feature film and everything in between. All of BuzzFeed’s branded offerings for advertisers will be centralized into one group, BuzzFeed Creative, creating a streamlined process across video and publishing for brands. The company will also launch a new distributed division to create content off BuzzFeed to scale BuzzFeed’s deep understanding of the social web. BuzzFeed International will continue its rapid growth and expand to India,
  • M&A Terms
  • Venture Investor

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