Business Insider Blog Raises About $5 Million In Series C

Posted May 27, 2009

The Business Insider is a blog that recently relaunched under one brand.  The Business Insider was founded by Henry Blodget and this is the third round of funding.  Although Blodget never announced himself how much was raised, it is rumored to be around $5 million.

The participants in this round of funding is believed to be Allen & Co., Marc Andreessen, Jim Friedlich, and Matt Luckett.  Previous investors may have also participated.  The last round of funding was around July 2008.

It is not known what The Business Insider plans to do with this round of funding, but it is expected that they will be revamping their entertainment section.

[via paidContent]