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Car blog network High Gear Media takes $5.5 Million Series B

By Duncan Riley
Published on: 09:31 PST, Jun 30, 2009

Car blog network High Gear Media has taken $5.5 million Series B in a round led by DAG Ventures with existing investors Accel Partners and Greylock Partners also participating.

High Gear Media operates 38 car themed blogs including sites such as TheCarConnection.com, GreenCarReports.com, AllCarsElectric.com and AllAboutPrius.com. According to Quantcast the network does around 3.3 million page views a month on 1 million uniques.

The company makes most of its money through content syndication deals, with partners including Yahoo! Autos, HuffingtonPost.com, FoxNews.com, NBCAutoShow.com, Business Insider, Oodle, The San Francisco Chronicle and Glam Media.

The company said it would use the new round further expansion of their technology platform and strategic acquisitions. Total funding to date is $12 million.

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