BuzzFeed Raises $19.3 Million in Funding


By Chris O'Shea Comment

BuzzFeed just keeps getting bigger. In the past year, there have been multiple big name hirings, verticals launched and partnerships formed. Now, thanks to a $19.3 million Series D funding round, BuzzFeed has room to grow even more. The funding was led by New Enterprise Associates, a venture capital firm.

Jon Steinberg, BuzzFeed’s president and COO, said the funding will allow the company to meet its goals.”We are laser focused on building a media company from the ground up for a world where social is the dominant way people discover and engage with all forms of media,” said Steinberg, in a statement. “That means reimagining and reinventing editorial, advertising, and publishing technology.”

For more on BuzzFeed’s expansion, check out Mediabistro’s Media Beat segment with Jonah Peretti, the site’s founder and CEO.