TechMediaNetwork Secures $33,000,000 Series B Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56f6b1dc-e886-4674-baf7-5d2b396b2582&Preview=1
Date
9/26/2011
Company Name
TechMediaNetwork
Mailing Address
150 Fifth Avenue 9th Floor New York, NY 10011
Company Description
TechMediaNetwork is a publisher of high-quality original content with owned and operated brands and an advertising partner network that combined reach 71 million unique readers monthly, plus millions more through syndication to major media partners.
Website
http://www.techmedianetwork.com
Transaction Type
Venture Equity
Transaction Amount
$33,000,000
Transaction Round
Series B
Proceeds Purposes
TMN will use the funds to increase its acquisition program, further expand its growing news organization, enhance its monetization strategies and increase the distribution of its content.
M&A Terms
Venture Investor
ABS Capital Partners
Venture Investor
Village Ventures
Venture Investor
Highway 12 Ventures