The Huffington Post has raised $25 million in venture capital

According to foreign media reports, well-known technology blog TechCrunch reported on Monday that The Huffington Post, the most famous political blogging site in the United States, has raised $25 million in funding from Oak Investment Partners. The Times of London previously reported that The Huffington Post was planning to raise $15 million.

This is The third round of funding for The Huffington Post. To date, the site has raised a total of $37 million. The Huffington Post raised $5 million in a second round of funding in September. Based on The ratio of the second and third rounds of funding, The Huffington Post is valued at about $100 million. Rafat Ali, editor of PaidContent.org, a digital media news site, had estimated that The Huffington Post was worth about $100 million.

With this new round of funding, The Huffington Post plans to hire more staff and expand its services into business, green/clean tech and investment news. In addition, the site may further expand through selective acquisition activities.

Fred Harman, head of Oaktree Investments, said, "People are increasingly getting their news from Internet media, so the transition from print to online media is inevitable. The election has confirmed that The Huffington Post is very powerful, and I think The Huffington Post's post-campaign analysis has changed the way advertisers view it. It's already an important mainstream news site." After The financing closes, Harman will join the board of directors of The Huffington Post.

According to Comscore, The number of unique monthly visitors to The Huffington Post rose to nearly 5m in October, nearly tenfold since August 2007.