Henry Blodget, the founder and editor in chief of The Business Insider, writes Wednesday that the business news site has raised another round of financing from RRE Ventures and its existing investors that will allow it to hire more journalists and cover more stories.
Blodget writes, “This capital will help us continue to expand the site and bring you many of the things you have been asking for — and faster than we would be able to develop them under our own power.
“We’ve raised about $3 million this time, which is a vast sum relative to the couch change we’ve been running on since we launched three years ago ($2.7 million in total). In media terms, it’s still small potatoes*, so we won’t be able to go hog wild, but we should be able to significantly accelerate our pace of development.”
Blodget says the site is also interested in launching an international edition, and publishing more content from readers and contributors.
