Arianna Huffington's popular news blog, the Huffington Post has secured $25 Million in venture money thanks exclusively to Palo Alto's Oak Investment Partners.
From
All Things Digital:
The Huffington Post will announce this morning that it has raised $25 million, in a single investment from Oak Investment Partners.
The large round by Oak, which was led by Palo Alto, Calif.-based venture capitalist Fred Harman, will give the popular online news and blog site a valuation of just "south of $100 million," a source said.
The new funding, the Huffington Post's third, will be used for expansion of its offerings and the hiring of editorial and business talent.