Glam keeps raising more money even in these tough times. Someone is drinking their cool aid.
Distributed media network Glam Media
has raised $10 million more, this time specifically for its Japanese and German operations, reports PaidContent. The fifth round of funding in as many years of existence comes from Japanese VC Mizuho Venture Capital and several local advertising / media companies, but also includes a separate investment round for its German joint-venture from partner Hubert Burda Media. The total amount of capital invested in the company so far now exceeds a whopping $125 million.
Hmm. Pass me some of that.