New York
– Glam Media, a publisher of women-focused websites and operator of a
corresponding ad network, announced on Tuesday that it has raised $50 million
in a fifth round of funding, led by Aeris Capital.
Existing investors Hubert
Burda Media and Mizuho Capital also participated in the round.
Glam Media’s
network of 1,400 sites reaches 72 million unique monthly users in the U.S. and 160
million globally, according to comScore data.
The company said it will use the
new funding to open a digital media technology center; invest in new
international markets; launch new audience-based vertical channels; build an
alternative to portals for top brand advertisers; and for strategic
acquisitions.
Related Links:
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