Glam Media, Inc., a media company that connects brand advertisers with targeted audiences online, raised approximately $50m in Series E private equity mezzanine funding round.
The funds will be used to build a Digital Media Technology Center, expand internationally and for strategic acquisitions.
The round is led by Aeris CAPITAL with existing Series D Investors Burda Digital Holding, and Mizuho Capital participating.
This financing brings the total amount raised by the company directly to approximately $130m.
Glam Media is backed by Accel Partners, DAG Ventures, Draper Fisher Jurvetson, Hubert Burda Media, Information Capital, GLG Partners, Mizuho Bank and Walden Venture.
In conjunction with the funding, Dr. Marcel Reichart, Managing Director of DLD Ventures, an investment unit of Burda Digital Holding, will be joining the company’s board of directors.
Glam is headquartered in New York City, New York and Silicon Valley, California, with offices in Chicago, Dallas, and Los Angeles, and internationally in London, Munich, Hamburg, Berlin and Tokyo.