Bleacher Report who raised $1.5 million back in Febuary has now raised another $3.5 million according to TechCrunch. The round of funding included Hillsven Capital, Gordon Crawford, SoftTech VC, and Jacob Lodwick, founder of College Humor and Vimeo.
This is great news for Bleacher Report’s 13 employees as they now have job security. We hope they didn’t burn through their original $1.5 million in 8 months already. Hopefully they raised this money knowing that they are going to need it for a while due to no end in site of deteroriating ad sales.
If you would like more information on Bleacher Report, we interviewed Dave Nemetz of Bleacher Report a while back.