Demand Media Raises $100 Million in Fourth Round

Authored by Mark Hefflinger on September 27, 2007 - 6:48am.

Santa Monica, Calif. - Demand Media, a domain name registrar and operator of a network of niche entertainment websites, has raised $100 million in its fourth round of venture capital financing, led by Goldman Sachs, PEhub.com reported.

Previous investors 3i Group, Generation Partners, Oak Investment Partners and Spectrum Equity Investors also participated.

Founded in March 2006, Santa Monica, Calif.-based Demand Media offers domain services, and also operates niche networks of websites based on outdoor lifestyles, how-to/DIY, entertainment and online games.

With the recent round, the company has now raised $320 million in 16 months of operation.

http://www.demandmedia.com