HuffPo to Raise $15 Million in the Afterglow of the Election

The elections were good to the HuffingtonPost, the political uber-blog. It’s audience in the U.S. rose fivefold in the last year to 5 million monthly uniques in October, according to comScore (see chart below). In what may turn out to be perfect market timing, the Times UK is reporting that the company is close to raising $15 million. In the past, it has raised a total of $12 million from investors including Softbank Capital, Greycroft Partners, Bob Pittman, and Ken Lerer.

View graphs and more