BuzzFeed Lands $15.5 Million to Expand Content
Editor in chief Ben Smith building news team
Viral media and news site BuzzFeed, which made waves last month by snagging star Politico blogger Ben Smith as its new editor in chief, announced today that it raised $15.5 million in funding from New Enterprise Associates, Lerer Ventures, Hearst Interactive Media, Softbank, and RRE Capital.
NEA general partner Patrick Kerins will join BuzzFeed's board and former Huffington Post president Greg Coleman will become an active advisor, while HuffPo co-founder and BuzzFeed investor Kenneth Lerer will take the title of executive chairman.
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