Tuesday, 29 September 2015

Medium has closed $57M round, now worth $400M

Medium_feat
Blogging platform Medium is newly flush with cash, as the company’s head of operations Andy Doyle announced through (what else?) Medium that the company closed a $57 million round, led by Andreessen Horowitz. The money adds on to the $27 million the platform, which was founded by former Twitter CEO and founder Ev Williams, raised last year. According to a report from Re/code, that puts the startup’s total pre-money valuation at $400 million. Google Ventures and Greylock Partners, both participants in the previous round with Greylock leading, also contributed to this round. Doyle also noted that Obvious Ventures, The Chernin Group,…

This story continues at The Next Web

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