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 $100 million (not including an additional $20 million in debt).
Not that Glam isn’t putting their funding to good use. In 2008, the company made a couple of strategic acquisitions and keeps on displaying a clear focus on international growth, while at the same time launching interesting side projects like Tinker.
Late last year, we reported that Glam Media was slowing down payments to its publishers as well as making significant pay cuts although it self-reported its Q4 to have been ‘surprisingly strong’. One month later, ComScore data showed Glam Media was one of the fastest growing websites in the US. It was also the ninth largest publisher of display ads, serving up an estimated 2.1 billion ad impressions per month.
It will be interesting to watch how Glam performs the next few quarters.