Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa72f8ca-a0ef-4470-9c07-7354363ba307&Preview=1
Date 4/26/2010
Company Name TheWrap
Mailing Address Undisclosed Hollywood, CA 90027
Company Description TheWrap.Com, a unique primary news source focused on the business of entertainment and media, reached the two month mark this week with rapid growth in readership and widespread adoption in the entertainment industry. Founded by award-winning journalist Sharon Waxman, TheWrap has achieved instant recognition worldwide as a reliable and independent source by both media and industry professionals, delivering high-profile news breaks, investigative stories and authoritative analysis.
Proceeds Purposes The new funding for TheWrap will be used for expansion of news coverage, Waxman told me, including a redesign that’s coming later in summer.