Glam Media Scores $10 Million
Content network Glam Media has secured $10 million in fresh funding. The company, which has launched a new app network and joined forces with a major women’s network in the past year, plans to use the money to expand its U.S. presence and also build on its operations in Japan and Germany.
Along with the funding, Glam Media is announcing a new “joint venture” with a number of traditional media outlets in Japan. Those outlets include Shogagukan, publisher of Pokemon comics; and Syeuisya, which runs one of the country’s biggest women’s networks, S-woman.net. Several advertising agencies are also involved in the deal.
Mizuho Venture Capital, a subsidiary of Japan-based Mizuho Bank, is leading the $10 million investment.