HuffingtonPost, politics blog site, raises $5M more to target elections
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.
Next Story: VCs invest more in green technology, but is it enough?
Previous Story: Real Networks acquires casual game company Gametrust, for less than $50M
Tags: deal
About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












