What Company Is Offering;
Glam Media's distributed media network model is revolutionizing the very definition of what a media company is in the 21st Century. With 44 million global unique monthly visitors (comScore MediaMetrix), Glam Media provides a compelling mix of fresh, original content created in-house with a carefully curated Glam Publishing Network of more than 450 popular and influential lifestyle websites, blogs and magazines. For premium national brand advertisers, Glam Media offers an unprecedented array of targeted options that are singularly attractive to both upscale and aspirational consumers.
How Much They Got From VCs:
They announced the closing of $84.6 million in private financing, with $64.6 million in Series D funding and $20 million in revenue-based debt financing. Proceeds of the financing will be used to accelerate the growth of the company's distributed media network that connects premium brand display advertisers with online audiences worldwide. The equity-financing round is led by Hubert Burda Media, an international media powerhouse and publisher of more than 260 magazines titles and an investor in more than 25 high-growth digital holdings.
What's Purpose Of Raising Fund:
The new funding will fuel Glam Media's aggressive global expansion in 2008 across new territories and categories, focusing on transforming brand display advertising on the Web as the market shifts away from the dominance of portals and destination sites to the distributed media network model that Glam Media helped pioneer. The funding will also be used to make strategic acquisitions, invest in technology to grow the distributed media model and further global growth.
More at:www.GlamMedia.com
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