Geosign, a Guelph, Ontario Internet company, has raised of $160 million in private financing from publicly traded American Capital Strategies mainly to buy up other Web content properities.
The company sent a statement about the investment to VentureBeat this morning.
It is one of the largest investments in a private Internet company we know of. Geosign is an Internet media company focused on creating specific online content that can be targeted by advertisers.
The founders also took some of the money invested.
Founded in 2000, Geosign owns more than 180 web sites in 20 categories, from fashion to environment. It has more than 200 employees and says it attracts more than 35 million monthly unique visitors to its network. Sites include GizmoCafe.com, DietNation.com, ThinkFashion.com, TheRenewablePlanet.com, TrueLocal.com, CosmeticSurgeryInsider.net and Nomadik.com.