Brit + Co, a San Francisco, CA-based digital media company, raised $15m in new funding.
The round was led by Verizon Ventures. To date, the company has raised $45m in total funding from Verizon Ventures, DMGT, Intel Capital, Lerer Hippeau Ventures, Oak Investment Partners, and angel investors such as Marissa Mayer and Gary Vaynerchuk. Additionally, former Target CMO and Uber President, Jeff Jones, will join the company as an advisor.
The company intends to use the funds to support the continued diversification of revenue streams including advertising, online classes, and merchandising as well for editorial expansion with respect to both new verticals and innovative media formats, with a focus on video.
Led by Brit Morin, Founder & CEO, Brit + Co Brit + Co is a digital media company that inspires, educates and entertains over 125 million women through inspirational content, online classes, and products.
The company currently has over 100 employees in in San Francisco and New York and operates a network of hundreds of contributors.