California Based glam.com has raises $85 Million from Hubert Burda Media, GLG Partners, Duff Ackerman & Goodrich, Hercules Technology Growth Capital, Accel, Draper Fisher Jurvetson and Information Capital.
Company is not into a profilt and looking forward to raise more millions.This round was $65 millions in cash and rest in debt.
Glam Media, Inc. is a privately held company that runs a network of more than 400 lifestyle websites and blogs, providing an advertisement platform for fashion-oriented brands.
Glam Media is best known for Glam.com, a style website targeted at women and having high visitor numbers.
it was founded in 2003 by former NetObjects CEO Samir Arora together with a group of veteran software engineers who aleady worked together at NetObjects, Inc., amongst them Raj Narayan and Fernando Ruarte.In October 2007,
Glam Media had more than 25 million unique visitors a month in the U.S., reaching reaching #23 on comScore 100 list, up from #34 in August 2007 and overtaking other women-oriented fashion sites like iVillage or AOL Living. January 2008 saw a light decline in ranking to #28 with a steady 24.6 million visitors.
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