27-Month-Old GigaOM Raises Another $4.5 Million
Giga Omni Media has raised another $4.5 million to help it continue expanding. This is quite the contrast to Gawker Media CEO Nick Denton’s announcement of cutbacks due to economic "doom" planned for January.
Om Malik has now raised $5.8 million since his firms inception. The latest funding round was led by Alloy Ventures, an early-stage venture capital firm.
Giga Omni Media is a blog network that owns seven websites including GigaOM, WebWorkerDaily, NewTeeVee, OStatic, Earth2Tech, jkOnTheRun and TheAppleBlog. The company has also entered the conference business with two successful conferences last year, Structure and Mobilize.
According to a blog post by founder Om Malik, Giga Omni Media plans to use this money to aggressively expand:
"We are going to use this new investment prudently, to enhance our technology platform and content offerings, add to our current portfolio of publications and expand our Events and Briefings businesses. We are in investing for the long-term — in ourselves."