Tech news site VentureBeat has raised $2.6 million in funding. Crosslink led the round with participation from other investors that included WaldenVC, Formation8, KDDI and Icon Venture Partners. According to the company, the capital infusion will be used for its new research division VB Insight.
SAN FRANCISCO, CA July 15, 2014—VentureBeat (www.venturebeat.com) has received $2.6M in funding for VB Insight, its new research division which enables marketing and IT leaders to make informed and intelligent decisions with insight provided by independent business analysts and experts. The round was led by Crosslink, with participation from WaldenVC, Formation8, KDDI, Icon Venture Partners, and others.
“Our community has been asking for this kind of solution for quite some time. VB Insight is our answer,” said Matt Marshall, VentureBeat CEO. “The funding from Crosslink and the other investors will enable us to realize the potential of this offering, as well as enrich our news and conferences with the latest real-world experience and real-time intelligence.”
Announced in February 2014, VB Insight formally launches in the coming weeks. Its initial focus is on such SaaS segments as Marketing Automation, Mobile Developers, and Digital Advertising. For a preview, visit: http://insight.venturebeat.com/
Founded in 2006, VentureBeat has emerged as one of the “best blogs on the web” according to The New York Times, with 7.5 million readers per month (Source: Google Analytics & internal metrics). It offers unparalleled insight into the most relevant emerging technologies, trends and companies. Led by Matt Marshall and a team of experienced journalists, the company has grown into the leading source for breaking news and in-depth reporting on a range of technology trends — from social to mobile, small business to enterprise, big data, cloud services, games, and more. The company also brings the community together several times per year with its own executive-level conferences such as MobileBeat, GamesBeat, VentureBeat Mobile Summit, DataBeat, HealthBeat, GrowthBeat. For more information, visit:http://www.venturebeat.com/about.