Arab Today, arab today social news group buzzfeed snags 195m
Last Updated : GMT 08:31:43
Arab Today, arab today
Arab Today, arab today

Social news group BuzzFeed snags $19.5m

Arab Today, arab today

Arab Today, arab today Social news group BuzzFeed snags $19.5m

Washington - AFP

BuzzFeed, a fast-growing social news website, said Thursday it had raised $19.5 million in a new round of funding from investors to help its expansion. The latest round was led by the venture capital firm New Enterprise Associates and included previous investors RRE, Hearst, SoftBank, and Lerer Ventures. Michael and Kass Lazerow, co-founders of Buddy Media, joined the round as new investors, a BuzzFeed statement said. The company said it will use the capital to further mobile development, expand geographically, increase its editorial team, invest in video and other initiatives. \"We have the senior management, board, and investors we need to build the next great media company: socially native, tech enabled, with massive scale,\" said Jonah Peretti, BuzzFeed founder and chief executive. \"We are all focused on that big goal and raised this capital to move even faster,\" said Jonah Peretti, BuzzFeed founder and chief executive. The company said that in December it passed 40 million unique monthly visitors with growth driven by social networks such as Facebook, Twitter and Pinterest, and mobile accounting for over one third of all traffic. It said revenue increased more than threefold in 2012, largely from social advertising, and its staff was boosted to 180 employees. \"We are laser-focused on building a media company from the ground up for a world where social is the dominant way people discover and engage with all forms of media,\" said Jon Steinberg, BuzzFeed president and chief operating officer. \"That means re-imagining and re-inventing editorial, advertising, and publishing technology.\" BuzzFeed got its start with a cult following with links to oddball videos and offbeat stories. But last year it hired star political reporter Ben Smith from Politico in a bid to produce more original content and send it viral. The company also recently hired Jeff Greenspan from Facebook and BBDO as its first chief creative officer.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today social news group buzzfeed snags 195m Arab Today, arab today social news group buzzfeed snags 195m

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday