Tuesday, March 25, 2008

Demand Media Raises $35M, Says Report

PEHub is reporting that Los Angeles-based Demand Media, the online media firm run by Richard Rosenblatt, has raised another $35M in funding. No details of the funding have been released. The firm filed a regulatory filing with the SEC on March 13th, but a spokesperson for Demand Media did not respond to inquiries about the round from socalTECH earlier this month to confirm or clarify the funding. The round would bring the firm's total raise to over $355M, including investments from 3i Ventures, Generation Partners, Goldman Sachs, Oak Investment Partners, and Spectrum Equity Investors. Rosenblatt is the former chairman of MySpace. More information »

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