Demand Media Raises Another $35 Million; Total Comes To $355 Million

This story was written by Rafat Ali.
Demand Media, the the Santa Monica-based social and domain name media firm, has raised another $35 million in its fourth round of funding, according to SEC filings picked up by PEHub. The company recently bought social media tools firm Pluck, for about $67 million, as we reported earlier this month.

Demand raise $100 million for the fourth round last year and this is new money into the round. For the $100 million, investors included Goldman Sachs, 3i Group, Generation Partners, Oak Investment Partners and Spectrum Equity Investors. No word on who invested in this $35 million raise.

The company has now raised $355 million since being launched in March 2006, including earlier rounds of $120 million and $100 million. It was founded by CEO Richard Rosenblatt, former head of MySpace parent company Intermix Media.

Disclaimer: Pluck is a sponsor of our EconSM conference.

By Rafat Ali


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App