New York - News and opinion website The Huffington Post announced on Monday that it has raised $25 million in new financing, bettering the $15 million that had been mentioned in earlier reports on the investment.

Oak Investment Partners was the sole participant in the round.

Launched in 2005, New York-based Huffington Post has to date raised about $40 million in financing.

The company will use the new funds to invest in technology and infrastructure, increase its in-house advertising capabilities, and expand its editorial offering with more investigative reporting and localized coverage.

The funds will also be used for "select and focused acquisitions," the company said.

Related Links:
http://snipurl.com/702s8 (All Things D)

http://snipurl.com/702by (DMW previous coverage)

http://www.huffingtonpost.com