HuffingtonPost.com Does Close $5 Million Funding; Led By Softbank
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As we reported last week, political blog site HuffingtonPost has closed its first round of funding, and no, IAC did not invest, ad I had suspected. It has received $5 million, and the round was led by Softbank Capital, and also included Greycroft Partners and other initial investors (Disclaimer: Greycroft also invested in our company).
The funding will be invested in the operations of the company and will “allow HuffingtonPost.com to continue to grow its content and business operations at an accelerated rate”, the release said.
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Posted In: Money, Social Media, Nanopublishing
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