Mashable Finalizes $14M First Outside Funding Round

TechCrunch

Tech and social media blog Mashable has raised a total of $14 million in a Series A investment round led by Tribune Digital Ventures, the company announced today. The funding adds nearly $1 million to the $13.3 million the company revealed it had raised as of early January this year, and represents the first time the site has sought outside funding.

Mashable has offices in New York City and San Francisco, and was founded in 2005 by CEO Pete Cashmore. The round includes Update Partners, New Markets Venture Partners, Social Starts; and a number of individual investors in addition to TDV. This year, Mashable has hired on a number of new editorial personnel, and plans to expand with offices in LA and London to build out its global presence.

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