posted at 19:50
Author: Jason Abbruzzese
Vox takes $46.5 million in funding as media investments stay hot
Vox Media has closed a funding round of $46.5 million, putting it among other digital media companies, including BuzzFeed and Vice, that have attracted major recent investments at sizable valuations. The Series E round values the company at $380 million, according to the New York Times. Since the company's first major funding round in 2009, it has raised about $107 million. VC firms tend to hunt for companies that have the potential to return investments many times over. Content companies, even very successful ones, tend not to provide these kinds of investment successes. Now, Vox joins numerous other media companies that have taken major funding rounds at large valuations. BuzzFeed's most recent investment valued the company at $850 million. On Sunday, Vox Media CEO Jim Bankoff published a blog post on LinkedIn addressing the investment and the company's future plans.

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