Online Health Firm Healthline Raises $14 Million More
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Healthline Networks, which has landed two very high-profile content and ad deals over the last month and says it is now profitable, has raised $14 million in its third round of funding. In late March, ABC (NYSE: DIS) News selected Healthline to provide content and also handle remnant ad inventory for its health site; earlier this month, Yahoo said it would outsource much of its Yahoo (NSDQ: YHOO) Health vertical—including its management—to Healthline.
In addition to those sites, Healthline has relationships with Health.com, AOL (NYSE: AOL) and the AARP. Its own flagship site, which includes a health search engine, counts among the top five health sites on the web.
SEE ALSO: Health Portal Launched With Big Funding
The funding round was led by the venture arm of Nordic-based industrial holding company Investor AB, which includes among its investments an 11 percent stake in biopharmaceutical giant AstraZeneca. Existing investors, including NBC Universal’s Peacock Equity Fund and Reed Elsevier (NYSE: RUK) Ventures also participated.
Healthline will have now raised $72 million since its launch in October 2005. It most recently raised a $21 million round in June 2007.
Posted In: Media & Publishing, Health Content, Money, M&A & Venture Capital, Venture Capital, healthline, investor ab, peacock equity, reed elsevier ventures
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