Online Parenting Website Babble Raises $1 Million
Babble is an online “magazine and community for a new generation of parents.” Somehow using that as a tag line has been enough to gather $1 million in funding and attack tons of traffic.
Greycroft Partners are the VC firm behind the $1 million in funding which adds to the other $2 million made from Village Ventures. The total $3 million is paret of the same round at the same valuation.
Babble is a spin-off from Nerve Media, a sex and dating community website. Babble is targetted towards a commnity of younger parents that live in major cities. Competitors include Urbanbaby.com and Cookie Magazine. Babble is also getting a newly appointed CEO by the name of Sean Mills. Mills is the former president of The Onion and will be replacing Babble founder Rufus Griscom.
[via TechCrunch]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry