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.
Tags: co:huffingtonpost, deal, inv:Greycroft-Partners, inv:Pilot-Group, inv:Softbank-Capital, people:Ken-Lerer3 Comments
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Negative Marketing said:
In coming mudslinging of election campaign Huffington Post will be priceless tool. This is a great timing to raise capital.
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instant life insurance said:
The stuff on this web site is really witty and cool wise
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Helen Burleson said:
As an Aamerican of African descent, I find it repugnant and ludicrous that every time the Clintons feel they may be in trouble in this heated 2008 campaign, they trot out one of their faithful Negroes, who have absolutely not influence in the Black community. They are considered to be sinister rather than sincere and they motives are very suspect. Here they trot out the buffoon, Bob Johnson again. It doesn’t matter how many times they recycle him, he is a joke and considered a “minstrel” from the days of old by intelligent, thinking Black people. Try something new, Hillary and Bill, your repetition is not only transparent, but it demeans you to have to use people to get your views across. We know who you are, regardless of how many clowns you trot out!
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VentureBeat said:
[...] when the coming U.S. elections is creating a renewed interest in politics. The political news site, Huffington Post, also recently raised capital on the thinking that the elections will help propel the site to popularity, so that now is [...]