
Northzone leads $7m round for Bloglovin
Northzone has led a $7m series-A round for Swedish blog platform Bloglovin, with support from the firm's existing backers.
Bloglovin existing investors Lerer Ventures, White Star Capital, Betaworks and Bassett Investment Group also participated in the round alongside two angel investors.
The fresh funding will allow the firm to make new hires and grow its base of users and bloggers across areas including fashion, beauty, food and DIY. The company also plans to introduce new personalisation features to its blog platform.
Previous funding
In June 2012, Bloglovin raised $1m from New York-based start-up studio Betaworks, RRE Ventures, White Star Capital, Lerer Ventures and private investors.
Company
Founded in Stockholm in 2007, Bloglovin pulls users' favourite blogs into one platform, which allows users to discover content based on personal interests and social connections. Bloglovin currently has 16 million active users and is available on web browsers, iOS and Android. The firm moved to the US in 2013 and is now headquartered in New York.
People
Pär-Jörgen Pärson led the deal for Northzone and joined the Bloglovin board.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater