Glam Media Raises $25 Million As They Prepare For IPO
Glam Media has raised $25 million in a new round of funding. According to TechCrunch, this is a top-up round, which means that the company just needed a bit of extra cash to get through an IPO process. Glam Media is using a provision in the JOBS Act to keep the filing secret. This round of funding was led by new investor Keating Capital. Previous investor Hubert Burda Media also participated in this round.
Glam Media has raised around $180 million in total funding, including $20 million in debt. The company is valued at about $750 million. Glam Media currently has around 450 employees and they are still hiring more talent.
Glam Media runs multiple web properties like Glam.com and Brash.com. Glam has a publisher network of over 2,000 lifestyle websites and blogs. Glam Media’s network as a whole reaches around 90 million monthly unique visitors per month in the U.S. and 200 million globally.