CultureMap, LLC, the Houston, TX-based operator of the new online magazine CultureMap.com, has announced that it completed its first round of financing at the end of 2009.
The funds will be used to acquire editorial professionals in addition to sales and marketing staff as the magazine prepares for international expansion.
The company is currently accelerating its efforts to raise a second round of financing aimed to increase the speed and scope of its expansion plans for 2010-2011.
The site, which currently covers Houston, Texas, aims to provide hyper-localized news, insights and opinions about the arts, fashion, music, events, and society of each city it serves. It consists of a team of editors, photo editors, writers, and insiders who have in-depth expertise on each local market and all that it offers.