Viral Tracking Pop Culture Website BuzzFeed Raises $15.5 Million
BuzzFeed is one of my most favorite time-pass websites because they have interesting galleries and lists of pop culture. BuzzFeed has raised $15.5 million in Series C funding led by New Enterprise Associates. Other investors that participated include Lerer Ventures, Hearst Media, SoftBank, and RRE Capital. NEA General Partner Patrick Kerins will be joining the BuzzFeed board of directors. Ken Lerer, the Huffington Post co-founder and BuzzFeed board member, will become the BuzzFeed executive chairman.
Former Huffington Post President Greg Coleman is also joining the BuzzFeed board of directors. BuzzFeed was founded by co-founded by Jonah Peretti, who was the former CTO of The Huffington Post before the company was acquired by AOL.
BuzzFeed has recently hit some major milestones. For example, the company has tripled their traffic to 25 million monthly unique visitors in the past year. They hired Politico’s Ben Smith to serve as the head editor. And recently they broke the news about how John McCain was going to endorse Mitt Romney before CNN and other news agencies.@amitchowdhry or on Google+ at +AmitChowdhry