BuzzFeed raises $50 million
August 11 , 2014
BuzzFeed has raised another $50 million for expansion. This amount from Andreessen Horowitz, a venture capital firm, is much bigger than the earlier rounds of funding.
Chris Dixon, a partner of Andreessen Horowitz, wrote in a blog post that BuzzFeed was expected to emerge as a “preeminent media company”.
A few months ago talks between BuzzFeed and the Walt Disney Company for buying the former failed to reach any conclusion.