The Huffington Post, which this year became one of the most popular online news outlets (as ranked by Nielsen) today announced that it has secured $25 million in funding from Oak Investment Partners, a venture capital firm based in Palo Alto, Calif.
As statement from the news/opinion site said it would “invest in its technology and infrastructure, increase its in-house advertising capabilities, and continue to expand its content offerings — including a new investigative journalism initiative and a rollout of local versions of The Huffington Post in select cities.” The announcement was made by Arianna Huffington and Kenneth Lerer, co-founders of The Huffington Post.
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