HuffPo valued at $110 million?

Bambi Francisco Roizen · November 24, 2008 · Short URL: https://vator.tv/n/572

Online entrepreneur Arianna Huffington raises money to stay relevant


In an effort to leverage its booming traffic built on covering political news, Huffington Post - started in 2005 by the ubiquitous and indefatigable Arianna Huffington - is raising significant expansion capital.

Huffington Post - the top political news blogging site - is seeking to close $20 million, at a post-money valuation of $110 million, according to PaidContent. The lead investor is Oak Investment Partners, which has also invested in fast-growing Web 2.0 startups, such as Federated Media, Demand Media and MobiTV. 

The newly-raised funds will be used to expand HuffPo's empire beyond politics, a segment of coverage that's put Huffington Post, also referred to as HuffPo, on the map. In September, it ranked No. 1 of stand-alone political blog sites and blogs, with 4.5 million unique visitors, up 472% from the same period a year ago, according to ComScore. Politico.com saw 2.4 million visitors, up 344%) while DrudgeReport attracted 2.1 million visitors (up 70%).

Huffington Post plans to use the capital to move into local news and investigative journalism, according to the Times UK. 

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Bambi Francisco Roizen

Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.

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