Femme-work goes plush
Online network Glam Media has secured $84.6 million in new funding. $64.6 million came from a Series D round and $20 million came from revenue-based debt financing.
The D round was led by Hubert Burda Media. Hercules Technology Growth Capital provided the debt financing.
The funds will be used to speed the growth of the media network, which pairs advertisers with primarily female online audiences. Glam also announced plans to begin international expansion, beginning in the UK.
Hubert Burda Media's Christiane zu Salm will join Glam's Board of Directors to oversee distribution of finances. zu Salm is the former managing director of MTV Central Europe.
Glam is thought to be the #1 women's online network, ahead of tenured competitors like CondeNet and iVillage. In addition to managing its own properties, it also serves ads for Lifetime and Premiere.com.
