Media - Tuesday, September 25, 2007
Demand Media Goes For The Gusto With $100M Round
Santa Monica-based Demand Media has raised $100M in a 3rd-round funding with Goldman Sachs stepping in to write a big check. It has now raised $320M. Prior investors are 3i Group, Generation Partners, Oak Investment Partners and Spectrum Equity Investors.
Demand is a domain name 2.0 company, which has aggregated a store of buying domain with organic traffic and it has been adding social networking features to them. So for example, it has launched ChannelMe.tv
where you can go to buy domains with .tv suffixes.
Demand was founded in 2006 by Richard Rosenblatt, former head of MySpace's Intermix Media.
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