Glam Media Raises $10 Million; Total Funding Now At $124 Million
Glam Media has raised another $10 million in funding as announced today. The funding came from overseas. Mizuho Venture Capital (Japan) and Hubert Burda Media (Germany) led the investment. Thus far, Glam has raised a total of $124 million.
In addition to the funding, Glam has also formed a joint venture to create Glam Media Japan KK. Through the joint venture, ad agencies Dentsu and ADK invested in Glam’s Japan unit. Magazine publishers Shogagukan and Syueisya also invested in Glam Japan.
Glam receives about 3 million unique visitors of local women per month in Germany.
[via CenterNetworks]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry