Glam Media, a widely popular beauty, fashion and lifestyle network, has acquired $18.5M in Venture Capital led by Duff Ackerman & Goodrich Ventures, with participation from Accel Partners, Draper Fisher Jurvetson, WaldenVC, and Information Capital. As part of the financing, CNET chairman and E. W. Scripps board member Jarl Mohn is joining the board of Glam Media. Glam Media’s website boasts a robust 8 million visitors per month.
Glam will be using some of these funds to purchase other companies that are either Web 2.0 technology companies or those with a very secure vertical platform with a highly engaged and targeted audience. As you might remember from my interview with Jeremy Wright of b5media, he really felt that vertical companies were the way to go.
Glam intends to spread its wings and expand internationally and add to its sales and editorial team. Glam has also announced that it has signed on with Hearst Magazines to distribute content from Marie Claire on their websites, as well as linking to and promoting other Hearst Magazines for subscription.
Glam Media became an idea in late 2002 and was launched at Fashion Week in September of 2005; the Glam Network soon came to life in December of 2005. Considering the fact that it has only been a little over a year that Glam Media has been on the web, I would have to say that their ambitious goals and the hardworking behind-the-scenes individuals are what make Glam Media the mega-success they are today. As a beauty Blogger about to have her blog join the Glam Network, I am more than excited to see such growth and focus in this company.
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