b5media Inc. Raises US$2 Million
TORONTO, ONT, October 4, 2006 – b5media Inc. (“b5media”), a global new media network, has raised US$2-million of equity financing in a transaction co-lead by Brightspark Ventures and J. L. Albright Venture Partners. The funding will strengthen the company’s network of bloggers to create greater value for readers and advertisers.
“There are tremendous growth opportunities and we plan to expand strategically to appeal to a broad market,” said Jeremy Wright, president and chief executive with b5media.
“We are working in a fantastic industry. In the year since we launched, we have made major progress attracting readers to our high-quality content, which is produced by an engaged and excited group of bloggers. The extra resources now available to us will only increase these areas as key strengths of b5media going forward.”
b5media is a new media network targeting the mainstream via vertical-specific content. The Toronto-based company will use the funding to increase the depth of the content in its existing vertical, launch properties in new verticals, and increase distribution channels to get the right content to the right people at the right time.
“Today, people from around the world are enjoying amazing material created by writers from around the globe. said Rick Segal, Partner at J.L. Albright Venture Partners. “b5 is doing a terrific job of creating a growing, profitable and long term business that we are delighted to be participating in with our partners at Brightspark.
“b5media is clearly establishing itself as a leading media network. The company has built great momentum in a very short period of time with a strong founding team and vision,” said Mark Skapinker, Managing Partner at Brightspark.
About b5media Inc.
b5media (www.b5media.com) is a global new media network featuring more than 150 blogs on a wide variety of subjects ranging from entertainment and news to technology and sports. With content written by passionate people from all over the world and visited by more than two million unique visitors a month, b5 is among the world’s largest online new media networks. b5 is based in Toronto.
About J.L. Albright Venture Partners
J.L. Albright Venture Partners (”JLA Ventures”), a private venture capital firm, is a leading investor in technology companies at all stages of growth. The firm has offices in Toronto, Ontario and Montreal, Quebec. JLA Ventures’ past and current portfolio companies include: Triple G Systems (acquired by General Electric), Pixstream (acquired by Cisco), Basis100 (acquired by First American Corporation), Fun Technologies (acquired by Liberty Media Corporation), Servicesoft Technologies (acquired by Broadbase), Isolation Systems (acquired by Shiva), Descartes Systems Group (NASDAQ:DSGX), Bioscrypt (TSX:BYT), Q9 Networks (TSX:Q), Quickplay Media, MusicIP, HealthUnity, and Planeteye. For more information please visit www.jlaventures.com.
About Brightspark Ventures
Brightspark Ventures (www.brightspark.com) is a leading early-stage venture fund. Brightspark works closely with entrepreneurs to develop and build market-leading software companies. With offices in Toronto and Montreal, Brightspark is backed by leading institutional investors who share its approach to early-stage software investing.
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[…] b5media is now a fully funded company and here’s the reasoning of Rick Segal of JLA Ventures, one of our VCs. (For the record, Brightspark is the other VC). By that, I mean, the founding partners have raised $2M in investment capital that will allow us as a network to grow beyond where we currently are. It will also allow me, as a core team member, to go full time and help make this amazing thing grow. I will be joining b5media full time as the Technology Manager, but I think Technology Architect/Strategist is more descriptive. […]
Congratulations to B5Media’s $2 Million Dollar Funding…
I am happy with the news that B5 Media has secured a $ 2 Million Dollar Funding for their blog network.
Investors of B5 are JLA Ventures and Bright Spark. Rick Segal, a partner of JLA Ventures, has already blogged about it here prior to B5 Media…
Awesome and looking forward for a better future for B5Media.
[…] Details to follow, I expect, But JL Albright and Brightspark have funded b5media. Press release here. A Canadian first. Related Posts […]
[…] Read the official b5 media release… Share this Post with any of these Social Bookmarking sites:These icons link to social bookmarking sites where readers can share and discover new web pages. […]
[…] The official post is up. It’s like the cat is having kittens. Aaron is joining us. Darren chimes in here and here. The Blog Herald and The Blogging Times cover it as well. Fun fun….still feeling the need to pinch myself, but I’m sure it will pass. Having said that it’s time to get back to work, lots of things happening, some exciting new stuff coming up soon. […]
[…] b5media is a new media network targeting the mainstream via vertical-specific content. The Toronto-based company will use the funding to increase the depth of the content in its existing vertical, launch properties in new verticals, and increase distribution channels to get the right content to the right people at the right time. b5 Media has 150 blogs and a great group of bloggers from all over the world. Please stop by and tell them congrats! Bookmarkz […]
Well, congratulations guys & gal and .. I hope I don’t see any b5 TV Channels soon or action figures (although, I think I would want to see some good bobble heads of each of you for sale) .. you guys need a good payraise and vacation. That other stuff and I.P.O. stuff can wait until next year :) Merry Xmas.
[…] Yesterday, b5media announced that we’ve raised US$2 million from two venture capital firms. Everyone is beyond excited at the thought that we will finally be able to do more and be more. I’m personally looking forward to being able to provide more support to the bloggers, making my channels stronger and more interesting, and continuing the work of sharing information that makes everyone’s lives healthier and happier. After all, money doesn’t mean anything unless you have those your health and happiness. […]
[…] Yesterday, b5media announced that we’ve raised US$2 million from two venture capital firms. Everyone is beyond excited at the thought that we will finally be able to do more and be more. I’m personally looking forward to being able to provide more support to the bloggers, making my channels stronger and more interesting, and continuing the work of sharing information that makes everyone’s lives healthier and happier. After all, money doesn’t mean anything unless you have your health and happiness. […]
[…] Genetics and Health has spent about a year here under the umbrella of b5media. It’s been a truly fabulous year spent obsessing over studying genetics and the implications for our lives now and in the future. In the next year, I hope we’ll be able to kick it up a notch to improve your visit to Genetics and Health with the help of the $2 million in funding b5media just received. […]
Well done…it couldn’t have happened to a better bunch of bloggers :)
Congrats.
[…] Official announcement at b5media. Thoughts from Rick Segal of J.L. Albright Venture Partners Living to Do What You Want to Do (or why b5media is the best funded company around) b5media VC funding coverage b5media Takes Funding […]
[…] Pregnancy Magazine’s New Mom Guide to Everything is out. In one article, the claim to tell you everything you need to know to survive the first year of your baby’s life. Except, how to take care of yourself. Only I do that. And no, even though I fill a market niche, I am not rich. Technorati Tags: Pregnancy Magazine October 5th, 2006 | Permalink | No Comments » […]
[…] Vie o svemu ovome na b5media Inc Blogu. […]
I’d buy a bobble head of Darren. Much congratulations everyone. I hope to see you buying out Rupert Murdoch next year. Surely you’re hob-knobbing with him already at swank media parties.
[…] Then, ealier today blog network b5media announces a $2 Million VC funding — a well deserve amount to capitalize their growth and expansion. They really need this money for them to maintain their growth and excellent pool of bloggers. […]
[…] B5media, of which Flyaway Café is a proud member, has secured venture capital funding. […]
[…] In case you’re interested in learning more about problogging (being paid to blog!), I’ll print the press release I just found out about yesterday. The key people at b5 media are all doing a happy dance, because it’s not easy to raise $2 million — and they did it! […]
That’s awesome news for every one B5, congrats. Maybe you guys can hire some real web designers and give this place a well needed revamp. =)
[…] I had a pitcher of mojitos with a good friend from the staff (partly to celebrate the $2M funding of b5media) just now and she told me that “we’re still friends! hindi pa kami nag-break!” (we’re still friends, we haven’t broken up!). […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Technorati: b5 media, vc funding « Ping?Pong. […]
[…] If you haven’t heard, b5media received $2 million in VC funding today, and the news kind of prompted me to re-launch Blog Network Watch. To be honest, it is something that I have been thinking about for a while because I have really become interested, again, in blog networks and the companies that support them. The big business side of blogging has caught my attention recently and I think that we can refocus Blog Network Watch in a way that we can talk about what’s going on. […]
fyi, the “(www.b5media.com)” link doesn’t work.
[…] My friend and mesh partner Mark Evans is going to have his hands full for the next little while. Not only does he have a new son, but now, a new job too. Mark has announced that he’s leaving the National Post, where he was senior technology reporter, to join b5media as VP Operations. b5media just closed a round of financing and Mark is going to go help them spend it. […]
[…] Just in case you missed the network news yesterday… b5media has announced raising $2million in VC funding. These are exciting times for all of us in the b5 community. […]
[…] Added: 9rules comes out swinging again (please read for context). Personally, I’ll take our Round 1 over their Round 5 anyday. […]
[…] My friends at B5 grabbed 2 million from VCs. […]
[…] This has been quite a short time period for the advancement of the b5media network of which this Blog is a very happy member! Despite the opportunity, many found some “need” to present a negative view of a positive event. Rather than express my disgust with these so-called “professionals” I think I’ll stick to part of what the purpose of this Blog is - to show an example of how recovery principles work. […]
[…] It was announced on Wednesday that b5media has raised $2 million USD to fund their blog network’s growth. b5media Inc. (“b5media”), a global new media network, has raised US$2-million of equity financing in a transaction co-lead by Brightspark Ventures and J. L. Albright Venture Partners. The funding will strengthen the company’s network of bloggers to create greater value for readers and advertisers. […]
[…] b5media Inc. have raised US$2 Million in venture funding to help grow the business into the future. That’s a fairly big stamp of approval for the blog network and (yet again) demonstrates the possibilities of blog networks as a successful Internet business model. […]
[…] And for my five relatives who probably don’t know (or care??), b5media just took on some venture capital funding to the tune of $2,000,000, so watch out for great things to come! With any luck I will have an official title and a full time “real” job at b5media in the next couple of weeks, Project Manager. I am looking very forward to seeing where this goes, it will no doubt be quite a ride!! Come and join us! b5media, Darren Rowse, Problogger […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. […]
[…] For instance – after the b5media announcement VCs and execs were patrolling the blogosphere in full force, commenting their little hearts out. They thanked the bloggers who were supportive and were pretty defensive with anyone who wasn’t on board. Speaking of b5media, if anyone could explain to me the benefit of a formalized blog network when we’re all “connected”, that’d be great. Cheers. […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. […]
[…] Esto es más un “dato” a tener en cuenta, aunque de muchos menos ceros que el de YouTube, pero ahora es B5 Media quien recibe u$s2MM de BrightSpark; lo leí en lo de scoble. […]
A HUGE congratulations to you all. I look forward to blogging alongside you for years to come.
[…] The most ironic part of the b5media VC deal last week is that by gaining the funding, I should be able to work full time on b5media, do my best as a Technology Channel editor as well as blog more frequently. Right? […]
Congratulations to one and all!
[…] First, you may have seen the big announcement that we have received $2 million in venture capital in a transaction co-lead by Brightspark Ventures and J. L. Albright Venture Partners. Congratulations to all who worked so hard to make it possible! Secondly, here in the Family and Relationships Channel of b5 Media we are proud to announce some new blogs: […]
Wow folks! This is great news for all of you, but also for the blogosphere.
You’ve certainly given us new networks something to aspire to.
Congratulations!
ps…i’ll take a Darren Bobblehead too!
[…] If you haven’t heard, b5media received $2 million in VC funding today, and the news kind of prompted me to re-launch Blog Network Watch. To be honest, it is something that I have been thinking about for a while because I have really become interested, again, in blog networks and the companies that support them. The big business side of blogging has caught my attention recently and I think that we can refocus Blog Network Watch in a way that we can talk about what’s going on. […]
[…] Aaah…Life is good. But Jeremy is back from Toronto. Check with me tomorrow about my Inbox. […]
[…] * Jason Calacanis was doing 30 million page views/month when he sold his Weblogs, Inc blog network to AOL last year for $25 million * PopSugar, recently funded by Sequoia Capital, is doing 20 million page views and 3 million uniques per month.* Creative Weblogging, the leading German blog network, does 6 million page views and 2 million uniques per month.* b5media, recently VC funded, does 2 million uniques per month.* Shiny Media, the UK’s leading blog network, does 1.9 million uniques per month. […]
[…] B5Media gets round of VC funding — My good friend Jeremy Wright, CEO of B5Media, a blog network, has just gotten a couple of million in funding. Jeremy is a long-haul blogger who proves business and blogging go together. He even wrote a book on the subject. (Via Performancing) […]
[…] Recently, blog network b5 Media accepted venture capital in the amount of $2 million to further grow their business. […]
[…] On the 4th October, 2006, B5Media announced that they had “raised US$2-million of equity financing in a transaction co-lead by Brightspark Ventures and J. L. Albright Venture Partners. The funding will strengthen the company’s network of bloggers to create greater value for readers and advertisers.” […]
[…] In early October I was sent an email by the guys at b5media asking whether I would be interested in working with them on a project that had a tight deadline. I’d heard of b5 and read their main blog a few times, but I wasn’t a regular reader and didn’t know any of the people running the network. A few days later they announced that they’d taken $2,000,000 in venture capital and then they sent me another email explaining that they needed an overhaul of their main page to turn it into a bit more of a portal. Suddenly everything made sense. […]
[…] Zo werd een maand geleden bekend dat b5 media US$ 2 miljoen heeft opgehaald. Op dat moment was mij nog niet duidelijk wat ze precies gingen doen met deze financiering. De uitleg van Jeremy Wright, president and chief executive, gaf nog niet veel informatie: The Toronto-based company will use the funding to increase the depth of the content in its existing vertical, launch properties in new verticals, and increase distribution channels to get the right content to the right people at the right time. […]
[…] And, writing of money making on the web, it’s old OLD news, but since I haven’t been able to share this yet in this blog, I thought I’d let you know that b5media, the company I co-own (and where JMMO is part of) has raised US$2M in VC funding. […]
[…] When I heard that Sean [the guy behind the recent $2m deal that the b5 guys landed] was coming to Edmonton, I just had to go and hear his talk Lessons from the Dragon’s Den. […]
[…] With b5 growing into one of the biggest blog networks around and the 2 million dollar VC funding it just got, everyone in b5 is very excited with all the changes. A new b5 deserves a fresh new look! […]
congrats b5 :-)
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. RelatedPosts: […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. RelatedPosts: […]
[…] Oh, and more liveDVDblogging coming, too. I am still recovering from the trauma of losing last night’s post compounded by the excitement of the recent b5media announcement. […]
[…] You can read the official statement of b5media here. […]
[…] Having taken a long, deep drink of the blog Kool-Aid, I’ve decided to jump into the blogosphere with both feet by becoming Vice-president of Operations with b5media, which just raised $2-million of venture capital from J.L. Albright Venture Partners and Brightspark Ventures. Without getting too gushy, b5 is an exciting opportunity to combine my passion for writing, communications and blogs. With little fanfare and a lot of hard work behind the scenes by Jeremy Wright, Shai Coggins, Duncan Riley and Darren Rowse, b5 has established an impressive new media network with more than 150 blogs that attract more than two million unique visitors a month. So what am I going to do? Well, given b5 is a start-up, it will be everything and anything to make b5 and its terrific group of bloggers more successful. […]
[…] b5media, of which Leadership Turn is a proud member, has secured venture capital funding. […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. […]
[…] Official announcement at b5media. Thoughts from Rick Segal of J.L. Albright Venture Partners Living to Do What You Want to Do (or why b5media is the best funded company around) b5media VC funding coverage b5media Takes Funding […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. […]
[…] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. […]
[…] b5media is very, very proud to welcome Mark Evans, formerly the Senior Technology Writer at the National Post (one of Canada’s largest national daily newspapers). Mark will be joining us as VP, Operations. Mark is our first external hire since our funding announcement. […]
[…] There are literally hundreds of blog networks in existence today, each with their own system for generating revenue, but all based on the principle of multiple bloggers writing to multiple blogs. Some are profitable, some are generating revenue but are cashflow negative and others are attracting millions of dollars in investment backing. […]
Thanks Nick, it helps when you’re a web developer by trade ;)
[…] Earlier this week Shiny Media, whose subsidiary Shiny Trends part-owns Shiny Red, announced that it had secured £2.5 million worth of funding. It is the latest in a series of high profile investments in blog networks. At the end of last year B5 Media and PopSugar both secured large amounts of investment, while Glam.com, which offers a mixture of blog-based content and retail, took a hefty slice of second round investment. […]
[…] Click here and here to find out why we are celebrating! […]
[…] Perusing around, I came across this sale: Parents Behaving Badly for sale. On its own not very notable, but what was interesting was that they were under the b5Media umbrella. For those that don’t remember, the network recently announced 2 million in funding. […]
[…] all the rage a year ago. Blog Networks since that time have failed, and others have really flourished, just like any industry that takes off. The rage might be over from the perspective of starting a […]
[…] has become so popular over the last few years is revenue. With companies like b5media getting seven figure venture capital, it makes everyone raise an eyebrow. Honestly though, if you focus on the dollar signs, you most […]
Great! When I read this kind of success, I am energised. You deserve it for all the hard work that you have put in here. I just wish developing nations like ours, could catch up…
All the best,
TAJIKZONE
[…] are a loser. It’s a good thing that groups of losers are putting together their resources to build multi-million dollar businesses. At least they’re rich losers… But seriously, blogging probably isn’t going to […]
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