News Brief
Glam Media Raises $50M
Feb 2, 2010, 9:34 PM
Glam Media has raised about $50 million in a Series E round of funding, the media and advertising network said Tuesday. Aeris Capital led the round along with existing investors Hubert Burda Media's Burda Digital Holding and Mizuho Capital. The new funds will be used to build what it's calling a Digital Media Technology Center, along with global expansion and strategic acquisitions. Late last year, Glam said its flagship U.S. women's division had achieved profitability. --Gavin O'Malley
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