The Business Insider’s editor-in-chief and CEO Henry Blodget announced that the company has raised $3 million in funding from RRE Ventures and will use some of that money for new hires.
In a blog post on the site, Blodget said the newfound funds would allow the company to hire more reporters, allow for more original reporting and to cover new industries. He did not specify how many people BI would look for, but they are definitely on the hunt.
Specifically, RRE’s investment will allow us to:
*Expand our newsroom
*Do more original reporting
*Launch new industry verticals
*Expand the amount and type of content we publish from readers and contributors
*Launch cool new tech features that will make being a member of our community a lot more fun
*Launch our professional research service
*Launch international editions
He also gave a little hat-tip to copy editors, but don’t expect BI to hire one anytime soon. “Someday, the money may even allow us to hire a copy editor,” wrote Blodget.