Zimbio Secures $8.9 Million Series B Funding

812

[Techtaffy Newsdesk]

Zimbio 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.

Zimbio is the parent company of the fifth largest entertainment website Zimbio.com, and seventh largest fashion and beauty website StyleBistro.com (both according to comScore) and has over 30 million unique monthly global readers (per Quantcast). Zimbio recently opened a second office in New York City, NY. The capital will be used to scale Zimbio’s product and editorial staff, build a media sales team, and fund upcoming product launches, says the company.