Funding

Mode Media Raises $30M

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What does Mode Media do?

Mode Media, is a privately held vertical media company with more than six thousand lifestyle websites, which includes Mode, a consumer social platform. It was previously called as Glam media. It is comprised of Glam owned and operated properties and is a publisher network of more than 2000 lifestyle websites and blogs. Its vertical media model aims in enabling premium brands in connecting with online audiences. It is a number one in global reach for women online, with around 90 million unique monthly visitors in the US and more than 200 million unique all over the world.

How much Mode Media was funded?

Mode Media raised $30M in Series G funding on May 21st, 2015.

Previous funding

  • $65M in Series D funding on February 1, 2008 from the investors DAG Ventures, GLG Partners, Hubert Burda Media, Draper Fisher Jurvetson (DFJ), Information Capital LLC and Accel Partners
  • $20M in Debt Financing on February 1, 2008 from the investors from Hercules Technology Growth Capital and Silicon Valley Bank.
  • $10M in Series D from April 6, 2009 from the investors Mizuho Venture Capital.
  • $50M in Series E on February 2, 2010 from the investors Hubert Burda Media and Aeris Capital
  • Undisclosed amount in Secondary Market on January 1, 2012 from the investors 137 Ventures
  • $25M in  Series F on August 14, 2013 from the investors BDCA Venture, Inc. and Hubert Burda Media
  • $15M in Series F from Apr 29, 2014

What is next for Mode Media?

Mode Media will use the funding raised to invest in its technology platform. The new funding will help the company in paying off the debt and continuing investing in its tech platform.

More about Mode Media

Mode Media was founded on September 1st, 2013 by Raj Narayan, Ernie Cicogna, Dianna Mullins, Samir Arora and Fernando Ruarte. It has its headquarters in Brisbane, CA.

 

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