High Gear Media Lands $5.5 Million for Automotive Websites

Authored by Mark Hefflinger on June 30, 2009 - 4:25am.

Palo Alto, Calif. - High Gear Media, the publisher of 38 auto-related news websites, announced on Tuesday that it has raised $5.5 million in its second round of financing, led by new investor DAG Ventures.

Previous backers Accel Partners and Greylock Partners also participated in the round, proceeds from which will go product development and strategic acquisitions.

Palo Alto, Calif.-based High Gear publishes automotive websites across a range of interests.

The network includes TheCarConnection.com, GreenCarReports.com and MustangBlog.com.

http://www.highgearmedia.com