Fashion Site Glam Media Raises $18.5 Million, Adds Hearst Content

Authored by Mark Hefflinger on December 14, 2006 - 7:51am.

New York - Glam Media, an online fashion network that claims 7 million monthly visitors, has raised $18.5 million in its third round of venture capital financing, led by Duff Ackerman & Goodrich Ventures, TechCrunch reported.

Existing investors Accel Partners, Draper Fisher Jurvetson, WaldenVC and Information Capital also participated. Glam has also gained CNET chairman Jarl Mohn as an investor and strategic advisor, and forged a partnership with publisher Hearst Magazines to bring fashion magazine editorial content to its Glam.com site. Under the deal, Marie Claire will be the first Heart title to offer content on Glam.com; Hearst also owns Seventeen, Cosmopolitan, CosmoGIRL and Redbook.

The company will use the funds to accelerate growth and expand its sales and editorial teams.

Related Links:
http://tinyurl.com/yna2b9 (TechCrunch)
http://www.glam.com