Monday, December 1, 2008
Huffington Post Nabs $25 Million in Funding–Here’s a BoomTown Interview With Oak Investment’s Fred Harman
The Huffington Post, co-founded by Arianna Huffington, will announce this morning that it has raised $25 million, in a single investment from Oak Investment Partners.
The large round, which was led by Palo Alto, Calif.-based venture capitalist Fred Harman, will give the popular online news and blogging site a valuation of “just south of $100 million,” a source said.
The new funding, the Huffington Post’s third, will be used for expansion of its offerings and the hiring of editorial and business talent.
“I think the post-election perception of the Huffington Post has changed in the eyes of advertisers to being a key mainstream news site,” said Harman in an interview with BoomTown last night.
