Glam Media Pulls In $85M
Brisbane, California- and New York-based online women's publisher Glam Media said today that it has raised $84.6M in a combination of debt and equity. Glam, which publishes a network of websites focused on women, said the funding was led by magagine publisher Hubert Burda Media, GLG Partners, Duff Ackerman & Goodrich Ventures, and Accel Partners, Draper Fisher Jurvetson, Walden Ventures and Information Capital. The firm also raised $20M in debt financing from Hercules Technology Growth Capital. The firm said the funding will be used to accelerate growth of its network.
posted on Monday, February 25, 2008 (Link to more information)
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