{"id":29251,"date":"2013-01-04T08:35:51","date_gmt":"2013-01-04T06:35:51","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=29251"},"modified":"2013-01-04T13:37:22","modified_gmt":"2013-01-04T11:37:22","slug":"buzzfeed-raises-millions-in-capital","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/29251\/buzzfeed-raises-millions-in-capital\/","title":{"rendered":"BuzzFeed raises millions in capital"},"content":{"rendered":"<p>News website <a title=\"BuzzFeed\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/6639-BuzzFeed\">BuzzFeed<\/a>, one of the more interesting news business models to emerge in recent years, has raised $19.3 million in new capital, the company said on Thursday.<\/p>\n<p>The round was led by venture capital firm <a title=\"NEA\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/6642-New-Enterprise-Associates\">NEA<\/a> along with previous investors RRE, Hearst, <a title=\"SoftBank\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/4544-Softbank\">SoftBank<\/a> and Lerer Ventures. The founders of Buddy Media, Michael and Kass Lazerow, also participated.<\/p>\n<p>The money will be used for mobile and video development, editorial hires and international expansion, the company said in a release.<\/p>\n<p>BuzzFeed has skyrocketed in popularity and has caught the eye of media watchers for its innovative mix of news and advertising, including a mix of high- and low-brow content, photos driven by social media and sponsored stories.<\/p>\n<p>The company said it has 40 million unique visitors a month. Editor-in-Chief <a title=\"Ben Smith\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/6643-Ben-Smith\">Ben Smith<\/a> runs an editorial team of 70.<\/p>\n<p>BuzzFeed was started by <a title=\"Jonah Peretti\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/6641-Jonah-Peretti\">Jonah Peretti<\/a>, the co-founder of the <a title=\"Huffington Post\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/6640-The-Huffington-Post\">Huffington Post<\/a>, in 2006. It has raised $46 million in total.<\/p>\n<h3 class=\"my-4\">Related articles<\/h3>\n<p><a title=\"Facebook privacy settlement gets the nod\" href=\"http:\/\/businesstech.co.za\/news\/internet\/27795\/facebook-privacy-settlement-gets-the-nod\/\"><strong>Facebook privacy settlement gets the nod<\/strong><\/a><\/p>\n<p><a title=\"Cyber security predictions for 2013\" href=\"http:\/\/businesstech.co.za\/news\/columns\/27669\/cyber-security-predictions-2013\/\"><strong>Cyber security predictions 2013<\/strong><\/a><\/p>\n<p><a title=\"Twitter data choke heads to court\" href=\"http:\/\/businesstech.co.za\/news\/internet\/27629\/twitter-data-choke-heads-to-court\/\"><strong>Twitter data choke heads to court<\/strong><\/a><\/p>\n<p><a title=\"Naspers: no faith in Facebook\" href=\"http:\/\/businesstech.co.za\/news\/internet\/27506\/naspers-no-faith-in-facebook\/\"><strong>Naspers: no faith in Facebook<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News website BuzzFeed, one of the more interesting news business models to emerge in recent years, has raised $19.3 million in new capital, the company said on Thursday.<\/p>\n","protected":false},"author":7,"featured_media":2025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,4940,4941],"class_list":["post-29251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-buzzfeed","tag-capital"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=29251"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29251\/revisions"}],"predecessor-version":[{"id":29284,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29251\/revisions\/29284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/2025"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=29251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=29251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=29251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}