BuzzFeed Completes $19.3M Series D Financing
BuzzFeed, a NYC-based web social publisher, has completed a $19.3m Series D financing.
The round was led by NEA, with participation from existing investors RRE, Hearst, SoftBank, and Lerer Ventures, as well as new investors Michael Lazerow and Kass Lazerow, serial entrepreneurs and co-founders of Buddy Media.
The company intends to use the capital to further mobile development, expand geographically, grow its editorial team, invest in video, and work on new initiatives that will be announced later in 2013.
Led by Jonah Peretti, Founder and CEO, Ben Smith, Editor-in-chief, Jeff Greenspan, Chief Creative Officer, Jon Steinberg, President and COO, and Ze Frank, Executive Vice President of Video, BuzzFeed focuses on delivering original reporting, insight, and social content across several subject areas. In December 2012, the company passed 40 million unique monthly visitors with growth driven by social (Facebook, Twitter, Pinterest) and mobile (over one third of all BuzzFeed traffic).
BuzzFeed has 180 employees and is continuing to hire (read here).