Spanfeller Media Group Lands $6M Series B

New York’s Spanfeller Media Group, a producer of online content, said Tuesday in a press release that it closed on $6 million in Series B financing led by VantagePoint Capital Partners. A prior funding round, to the tune of some $2 million, was led by SoftBank Capital NY and included investments from GSA Venture Partners, RRE Ventures, and Lerer Media Ventures. One-year-old Spanfeller Media Group is led by Jim Spanfeller, former CEO of Forbes.com. Spanfeller Media Group’s first website is The Daily Meal, a food and beverage site that launched in January. The company says it will use the new funding to expand the current site, hire more editorial and business staff, and roll out two new websites, one later this year and the other by the second half of 2012.

Author: João-Pierre S. Ruth

After more than thirteen years as a business reporter in New Jersey, João-Pierre S. Ruth joined the ranks of Xconomy serving first as a correspondent and then as editor for its New York City branch. Earlier in his career he covered telecom players such as Verizon Wireless, device makers such as Samsung, and developers of organic LED technology such as Universal Display Corp. João-Pierre earned his bachelor’s in English from Rutgers University. View all posts by João-Pierre S. Ruth