New York - Glam Media, a distributed media network of over 450 lifestyle sites targeted at women, announced on Monday that it has raised $85 million in strategic financing, including $65 million in a fourth round of venture capital and $20 million in revenue-based debt financing. International publisher Hubert Burda Media led the investment round; other participants included GLG Partners, Duff Ackerman & Goodrich Ventures, Accel Partners, Draper Fisher Jurvetson, Walden Ventures and Information Capital.

Hercules Technology Growth Capital will provide the debt financing.

Glam Media's network includes channels for style, living, entertainment, wellness and shopping, with each channel featuring a mix of original editorial, syndicated and media partner content.

The company provides display and video advertising, content syndication, advertorials, search and other application services to its publisher partners.

Glam Media said it will use the funds to accelerate global growth of its distributed media network in 2008, as well as for strategic acquisitions, and technology development.

The company plans to create local operating companies in countries including the U.K., Germany, France and Japan this year.

Related Links:
http://snipurl.com/20dxq

http://www.glammedia.com