Monday, April 14, 2008

FM Publishing is a Sausalito, Calif.-based operator of an advertising network for more than 200 online publishers has raised $40 million

About Company:
FM Publishing is a Sausalito, Calif.-based operator of an advertising network for more than 200 online publishers, including Boing Boing, GigaOm and TechCrunch. It’s run by former Industry Standard honcho John Battelle, and is known to take extremely large commissions.

How Much They Got From VCs:

Federated Media Publishing has raised between $40 million in $50 million in Series C funding at a $200 million pre-money valuation, peHUB has learned. Oak Investment Partners led the round, with return backers Omidyar Network and Panorama Capital also participating.

Source-PEhub

More at:http://www.federatedmedia.net/

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