BuzzFeed Raises $15.5M in Funding
Summary
BuzzFeed, a NYC-based online service that keeps track in realtime and aims to highlight the best new content, has raised $15.5m in funding.The round was led by New Enterprise Associates, with participation from Lerer Ventures, Hearst Media, Softbank, and RRE.In conjunction with the financing, Patrick Kerins, General Partner at NEA will join BuzzFeed’s board.Led by Founder and CEO Jonah Peretti, BuzzFeed tracks the hottest, most social content on the web.The website – BuzzFeed.com – has 20m monthly visitors and a monitoring network of sites including, The Huffington Post, Time, Life, and AOL.
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