One Funding Announcement That Probably Won’t Restore Your Faith in Humanity: BuzzFeed Raises $20M

Here is your "next great media company."

BuzzFeed, the Internet’s biggest time suck, announced in a press release today that it has raised $20 million in a series D round led by NEA Ventures, bringing its total raised to $46.3. In addition to churning out more image-heavy listicles and starting spats with fellow popular Internet properties like Gawker and The Oatmeal, BuzzFeed intends to use the money to “build the next great media company.”
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One Funding Announcement That Probably Won’t Restore Your Faith in Humanity: BuzzFeed Raises $20M