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January 28, 2007
British Blog Network Shiny Media Funded - First Deal For Bright Station
Shiny Media, which publishes a slew of fashion, tech, sport, and lifestyle blogs, has raised $4.5M from Bright Station Ventures (BSV), according to a report on the Times Online.
Shiny owns titles, such as TechDigest, which we've linked to and is quite like engadget, TechScape, a new one that promises a sideways look at Web 2.0, as well as titles like Trashionista, which serves up "chick lit" book reviews and Who Ate All The Pies, a football (soccer) blog.
Shiny Media Blogs: A Dash Of British Wit And Popular Themes
Bright Station, which took a 50 percent stake in Shiny Media, was founded by Dan Wagner, who ran several online online publishers, MAID and Dialog Corp., and Shaa Wasmund (she founded of Mykindaplace, a website for teenage girls that is part of BSkyB and has been involved with Bebo).
The Times says that BSV has raised $100M for investment and was founded in part after its founding partners were " humiliated” by their treatment at the hands of British VC investors. That means they will hopefully do a better job. It is also good news that more entrepreneurs are turning their hand to VC activity in the region.
Read - e-Consultancy Dan Wagner Profile
Read - Jilted Tech Boss Tries Hand At Venture Capital (the times online)
Posted on January 28, 2007 06:17 PM | Posted to News And Updates | Permalink
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