Wednesday, May 25, 2011

GigaOm Raises $6 Million Fifth Round; Will Expand Subscriptions, Events

Less than a year after its last round, GigaOm is upping its investment take to $15 million.

The $6 million new round, led by Reed Elsevier (NYSE: RUK) Ventures with existing investors Alloy Ventures and True Ventures taking part, will go toward a major expansion of its subscription research business and events, along with building its editorial ranks.

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