High Gear Media gets $5.5M new funding
Silicon Valley / San Jose Business Journal
Automotive digital media publisher High Gear Media said Tuesday it completed a second round of funding with $5.5 million, bringing total capital raised to $12 million.
The Palo Alto company said the round was led by DAG Ventures, which also has an office in Palo Alto.
Also participating were Accel Partners, which has an office in Palo Alto, and Greylock Partners, which has an office in San Mateo.
High Gear Media said the funds will be used for further expansion of its technology platform and "strategic acquisitions to accelerate the growth of its network of owned and operated websites."
In the last nine months, High Gear Media has launched 38 Web sites including TheCarConnection.com, GreenCarReports.com, AllCarsElectric.com and AllAboutPrius.com.
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