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.

[YankeePoodle]

Huffingtonpost is nothing but a partisan hack site. 100 Million worth, not in this economy.

[mrorie]

So it's like foxnews.com then?

[Digital.Trucker]

Just what the world needed, more of Arianna's "journalism". What a waste.

[MikeM_Boulder]

HuffingtonPost.com is one of the great websites for news these days. Yes it has a left leaning stance, if you don't like it go read the Drudge Report.

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>

[C_G_K]

After years in the wilderness, I guess it is fashionable to be a left loon now with Obama's resounding win. If Obama starts taking advice from people like her, he will definitely be a one term wonder.

[mykereid]

What's the connection between Huffington and Obama? The story doesn't report one, nor have I ever heard that they've met. Give it a rest! He hasn't even been sworn in, yet!

[converterfortytwo]

Huff's Obama groupie status isn't exactly a state secret: http://business.timesonline.co.uk/tol/business/movers_and_shakers/article5201252.ece

[sigzero]

I can only imagine what "investigative journalism" means to the HuffPost. It ain't good.

[The_Decider]

Wow, looks like all the freeptards are taking over CNET.

It is scary that there are people that are so far to the right that Obama looks like a liberal to them.