Sugar Inc, a network of content and commerce sites aimed at women, has raised another $15 million in funding from Sequoia Capital and Institutional Venture Partners, AllThingsD's Kara Swisher writes. This brings its total funding to $46 million.
Sugar is a content powerhouse aimed at women with a network of blogs and a social shopping operation. The company will use the money for international expansion and acquisitions.
It's one of the biggest success stories of online content creation. There had been rumors that Yahoo or AOL would want to acquire them now that their strategy includes a stronger media focus, but AOL bought the Huffington Post instead and Sugar says it wants to remain independent anyway.
For more on Sugar Inc, don't miss our Q&A with Sugar Inc founder Brian Sugar →
For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.
Join the conversation about this story »
See Also:
- Hyperactive SuperAngel Dave McClure Starts Fund By And For Designers
- Tiny Startup Solves HUGE Media Problem
- EXPLAINER: What Is The Freemium Business Model?
Online Content Empire Sugar Inc Raises $15 Million More
No comments:
Post a Comment