Buzzfeed's £50m cash injection a 'warchest' to fuel acquisitions and expansion, says president Greg Coleman
The recent £50m investment from Andreessen Horowitz into Buzzfeed will give the growing new media venture a “warchest” enabling it to make relevant technology acquisitions in order for the business to “never have to raise money again”, according to new president Greg Coleman.
Speaking to The Drum after an industry briefing in London this week, Coleman – who recently joined Buzzfeed from ad tech company Criteo – said the investment would fuel the company’s plans to expand internationally and allow it to develop its in-house technology capabilities.
“With raising this money, we can become a very large media company and have Read full story ›
Source: The Drum




