Blog Network Business Insider Lands Third Round Funding

Authored by Mark Hefflinger on May 21, 2009 - 10:42am.

New York - The Business Insider, a blog network launched by former securities analyst Henry Blodget that includes Silicon Alley Insider, announced on Thursday that it has closed a third round of financing, from new investors Allen & Co., Marc Andressen, Jim Friedlich and Matt Luckett.

Previous backer Kohlberg & Company, and the company's founders also participated.

While co-founder, editor and CEO Henry Blodget did not disclose the amount raised in a blog post announcing the funding, PaidContent said several sources pegged it in the range of $5 million.

In addition to Silicon Alley Insider, Business Insider also operates Clusterstock and GreenSheet. Blodget said the network is now attracting about 2 million unique monthly visitors

http://snipurl.com/iigwr (PaidContent)