Sugar Publishing, the company behind the hugely successful Team Sugar and ten or so other blogs aimed at the female demographic, will announce a new round of financing tomorrow. They are not disclosing the size of the round, but it is being led by NBC Universal, with participation from previous investor Sequioia Capital. They previously raised $5 million, on a rumored $12-15 million pre-money valuation.
The deal also includes distribution through NBC’s massive ivilliage property (800 million monthly page views), and an exclusive advertising deal with NBC.
Sugar Publishing continues to grow at a torrent pace. They claim 4.5 million monthly unique visitors and 40 million page views (see earlier numbers here). CEO Brian Sugar says they will continue to launch new blogs over the summer, including CasaSugar (home), LilSugar (babies), CitizenSugar (politics), PetSugar (pets) and SavvySugar (career & finance).
This is a wonderful success story – we started tracking this company last August and they continue to do very, very well.