|[May 01, 2012]
Zimbio Inc. Secures $8.9 Million in Series B Funding
SAN CARLOS, Calif. --(Business Wire)--
Zimbio Inc., parent company of the fifth largest entertainment website
Zimbio.com (comScore (News - Alert)) and seventh largest fashion and beauty website
StyleBistro.com (comScore), announced today 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 (News - Alert), with participation by Great Oaks
Venture Capital, Fenwick & West Investments, Draper Associates and
Comerica Bank. The capital will be used to scale Zimbio's product and
editorial staff, build a media sales team, and fund upcoming product
"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," says Tony Mamone, CEO at Zimbio, Inc. "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
In addition to a recent redesign of both sites, Zimbio was also pleased
to debut its 4th annual list
of the 100 Hottest Celebrity Couples. The company recently opened a
second office in New York City, NY.
"We're convinced that Zimbio has built the best editorial tools in the
industry and can publish multimedia experiences at an unmatched scale,"
says 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. Actively involved in almost every one of their portfolio
companies, Menlo views themselves as true partners to their
entrepreneurs with a shared goal of disrupting and leading every space
in which their companies participate.
Counting more than 30 million unique monthly global readers (per
Quantcast (News - Alert)) to their websites, Zimbio Inc. is poised for a new leadership
role in the highly competitive world of online media.
About Zimbio, Inc.
Inc., parent company to Zimbio.com and Stylebistro.com, reaches an
audience of more than 30 million global monthly readers across fashion,
beauty, celebrity and entertainment. Zimbio.com
is comScore's #5 Entertainment News site. Launched in July 2010, StyleBistro.com
is comScore's #7 Fashion, Beauty and Style site, entering comScore's top
ten in its first year. Brands are connected with this deeply engaged and
influential audience through high impact media placements and innovative
content integrations. The company has offices in San Carlos, Calif. and
New York City, and is venture-backed by Menlo Ventures, Draper
Associates, and Great Oaks Venture Capital.
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