News and Analysis Service Benzinga Raises $1.5 Million

Posted May 31, 2011

Benzinga has raised $1.5 million from Lightbank, the investment fund started by Groupon founders Eric Lefkofsky and Brad Keywell. Benzinga is a financial media source company that delivers streaming news.

?Benzinga is an aggressive company that has adhered to a high standard of quality and professionalism. Its quick growth demonstrates real future potential,? stated Keywell of Lightbank. ?Jason Raznick and his team have a vision to be the leader in financial media with real-time news, deep factual information and powerful commentary, all in one place. We’re pleased to support Benzinga in its efforts with one of our largest-ever initial investments.?

Benzinga started in spring 2010 and reachers about 1.5 million readers per month. Benzinga makes money by content licensing and product offerings.

[Benzinga PR]