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BuzzFeed Raises $19.3 Million in Funding

BuzzFeed just keeps getting bigger. In the past year, there have been multiple big name hirings, verticals launched and partnerships formed. Now, thanks to a $19.3 million Series D funding round, BuzzFeed has room to grow even more. The funding was led by New Enterprise Associates, a venture capital firm.

Jon Steinberg, BuzzFeed’s president and COO, said the funding will allow the company to meet its goals.”We are laser focused on building a media company from the ground up for a world where social is the dominant way people discover and engage with all forms of media,” said Steinberg, in a statement. “That means reimagining and reinventing editorial, advertising, and publishing technology.”

For more on BuzzFeed’s expansion, check out Mediabistro’s Media Beat segment with Jonah Peretti, the site’s founder and CEO.

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