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Another Vote Of Confidence For Post-Print Media: Business Insider Raises New Funding

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The Business Insider, the blog network that includes Silicon Alley Insider and a pair of other business-focused news sites, has closed its third funding round. The company hasn’t disclosed the amount of the round, but reports peg it at around $5 million.

In a blog post annoucing the news, co-founder Henry Blodget details the new investors in the round, who include Marc Andreessen, Allen & Company LLC, Zelnick Media’s Jim Friedlich, and Matt Luckett of Balestra Capital. Other investors include Kohlberg & Company and the blog’s founders.

Blodget also notes that the Business Insider is seeing a healthy 2 million monthly unique visitors. Along with SAI, Business Insider’s other blog verticals include the Wall Street-centric Clusterstock and Green Sheet, which covers green energy and related environmental news. While the network had a false start with media site The Biz, which shut down in the last few days, we can probably expect Business Insider to expand into new verticals as the company continues to grow.

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