Zimbio Raises $8.9 Million in Series B Funding
Zimbio is pleased to announce that the company has raised $8.9 million in a Series B funding. The round is a combination of equity and debt financing led by Menlo Ventures, with participation by Great Oaks Venture Capital, Fenwick & West Investments, Draper Associates, and Comerica Bank. The capital will be used to further grow Zimbio’s product and editorial staff, build a sales team, and fund upcoming product launches.
“We’re convinced that Zimbio has built the best editorial tools in the industry and can publish multimedia experiences at an unmatched scale,” said Menlo Ventures Managing Director John Jarve. “This investment will facilitate development of new teams and technology at Zimbio and support its expansion into new markets.”
With over $4 billion under management since 1976, Menlo Ventures is widely respected as one of the largest technology venture funds in the world.
“Our investors recognize that people are consuming digital content in fundamentally new ways, and Zimbio is positioned to win big in the changing media landscape,” said Tony Mamone, CEO of Zimbio. “We’ve found a successful formula to quickly build top-ranked properties by publishing deeply engaging content at an unparalleled scale. This funding will allow us to aggressively expand our teams, technology, and product offerings.”
With over 30 million unique monthly visitors, Zimbio is poised for a new leadership role in the highly competitive world of online media. Zimbio is comScore’s #5 entertainment news site and StyleBistro, the company’s second title, is the #7 site in Fashion, Beauty, and Style.
Congratulations to the team!