• August 2, 2011

Spanfeller Media Group, the digital media company started last year by former Forbes.com CEO Jim Spanfeller, has received $6 million in a second-round funding led by VantagePoint Capital Partners. The financing also includes participation from existing investors, including SoftBank Capital and GSA Venture Partners. SMG previously raised a $2 million round.

The new capital will go toward expanding the company's initial Web property, The Dail Meal, with plans to significantly increase the foodie site's editorial and business staff. Spanfeller will also launch another two vertical content sites -- one later this year and one in the second half of 2012. Details about the forthcoming properties were not disclosed. The company says The Daily Meal has attracted 1.5 million monthly viewers since debuting in January. --Mark Walsh