Report: Huffington Post lands $15 million in VC funding
Political site The Huffington Post has reportedly received a $15 million third round of funding, according to the Times UK.
That funding round brings The Huffington Post up to $40 million in raised capital, giving it an estimated valuation of $100 million, says a report in PaidContent.org
The Huffington Post anticipates using the proceeds to help fund its expansion, which will include offering local news and investigative journalism, according to the Times UK site.
Oak Investment Partners participated in this latest round. In previous rounds, SoftBank Capital and Greycroft Partners have provided investments.
Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn. 




I believe this is the format of the new news distribution for the 21st century. I'm glad to see VC are thinking the same and supporting it.
And if you like the HuffingtonPost.com, you'll _love_ <a href="http://www.msnbc.msn.com/id/26315908/">The Rachel Maddow Show</a>
- by The_Decider November 22, 2008 10:06 AM PST
- Wow, looks like all the freeptards are taking over CNET.
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(9 Comments)It is scary that there are people that are so far to the right that Obama looks like a liberal to them.