TechMediaNetwork Announces $33 Million Series B Financing From ABS Capital Partners

TechMediaNetwork (TMN), a technology media company, announced a $33 million Series B financing from ABS Capital Partners. Existing investors Village Ventures and Highway 12 Ventures also participated in the round. Pacific Crest Securities acted as the advisor to TMN. TMN will use the funds to increase its acquisition program, further expand its growing news organization, enhance its monetization strategies and increase the distribution of its content, according to astatement released by the company. TMN has made two acquisitions since its founding and has more than 90 publishing partners.

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