Blogging site The Huffington Post has secured $5 million in venture financing, which it will use to expand staff and offer more video content, company executives said Monday. Huffington Post General
Manager Sarah Bernard said the site, which launched in May 2005, will expand its current pilot video program and also broaden its news coverage. "We'll begin to cover more topics; we'll start to
explore some more platforms," Bernard said. "Our first year in operation, primarily you've seen our commentary come in text form. But we've done a little pilot test in video, and I imagine we'll work
out the kinks and expand it." Bernard added that Huffington Post intended to beef up its staff. The funding round was lead by Softbank Capital; Greycroft Partners also invested in the site.
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Shankar Gupta