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HuffingtonPost, the politics site that doesn’t pay its writers a dime, has raised another $5 million in financing to ready itself for the elections, which could be a defining juncture for the site.
The round included all previous investors: Softbank Capital, Greycroft Partners, CEO and co-founder Ken Lerer and Bob Pittman’s Pilot Group, according to PaidContent. USA Today published a profile of the site’s other co-founder, Arianna Huffington, and mentioned the financing. The company has now raised a total of $10 million.
The company’s staff has grown from three to 43 full-time employees. The site has recently sprouted away from pure politics to include lifestyle, business, media and entertainment.