Glam Media Receives $18.5 Million
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Why are Founders Samir Arora, Fernando Ruarte, and Susan Kare smiling?
Glam Media has received funding worth $18.5 Million, Series C.
What is Glam Media?
Glam Media is a fashion and lifestyle hub on the web.
Duff Ackerman & Goodrich Ventures (DAG), with participation from existing investors Accel Partners, Draper Fisher Jurvetson, WaldenVC, and Information Capital.
What will they use this Series C funding for?
Glam Media will utilize the additional capital to accelerate the growth of their portal as the largest fashion and style network, while also expanding its sales and editorial teams.
Aspiring to become a leader and growing fast to become a leader in womenâ€™s fashion and glamour industry. It consists of fashion, beauty, and lifestyle channels with more than 200 Glam-owned and affiliate partner web sites. GlamSpace they claim to be the first social network for fashion and style; and GlamCentral, ranks the searches based on fashion and style blogs.
In its maiden year of journey on the web, Glam Media has become a unique online media company reaching over 7 Million unique visitors each month. The companyâ€™s vision is to bring together the best content from traditional and independent publishers with emotive brand advertising to create the first contextual Web network.
The challenge lay in creating the next-generation leading women’s and lifestyle web site and the market has responded positively to this response.
See their site here.
Read more about Samir Arora here.
Read more about Fernando Ruarte here.
Read more about Susan Kare here.
Read more about Duff Ackerman & Goodrich here.
Read more about Accel Partners here.
Read more about Draper Fisher Jurvetson here.