Categories: OLD Media Moves

The Business Insider raises more money

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.

Read more here.

Recent Posts

WSJ taps Beaudette to oversee business, finance and economy

Wall Street Journal editor in chief Emma Tucker sent out the following on Friday: Dear…

7 hours ago

NY Times taps Searcey to cover wealth and power

New York Times metro editor Nestor Ramos sent out the following on Friday: We are delighted to…

9 hours ago

The evolution of the WSJ beyond finance

Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…

24 hours ago

Silicon Valley Biz Journal seeks a reporter

This position will be Hybrid in the office/market 3 days per week, and those days…

24 hours ago

Economist’s Bennet, WSJ’s Morrow receive awards

The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…

1 day ago

WSJ is testing AI-generated article summaries

The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…

1 day ago