Business Insider raises new round of $5 million

Business Insider, the Henry Blodget founded multi-channel blog previously known as Silicon Alley Insider has raised a third round believed to be around $5 million.

According to Paid Content, the new investors were Allen & Company LLC, Marc Andreessen, Jim Friedlich of Zelnick Media, and Matt Luckett of Balestra Capital, along with a range of existing investors.

Starting originally with Silicon Alley Insider, the Business Insider network expanded into several stand alone blog properties, until being consolidated under the Business Insider brand in February 2009. Blodget tells Paid Content the site is doing 8 million page views a month, a figure that would place it level with, or ahead of tech industry blog leaders TechCrunch and Mashable.

It’s not clear from reports what Blodget will be doing with the new investment.