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BuzzFeed Raises $50m To Become 'Preeminent Media Company'

Online media firm BuzzFeed has raised $50m (£30m) of new funding from venture capital firm Andreessen Horowitz, which sees the US startup becoming a “preeminent media company” in the future. The round takes BuzzFeed’s total funding to $96.3m since 2008, with the company reportedly planning to invest more in online video, acquisitions and an in-house incubator for technology startups.

Read the whole story at The Guardian »

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