Glam Media On A Roll: Raises $50 Million In Private Equity At $750 Million Valuation

Glam Media, a vertical advertising network, has raised its fifth round of venture capital - $50 million from aeris CAPITAL, a Switzerland and Silicon Valley based private equity fund. The company is not disclosing the valuation of the round, but it is rumored to be around $750 million. Glam's last major funding was a $85 million combined debt and equity round in early 2008, two years ago, that valued the company at around $500 million. $10 million - $15 million of this new round will be used to purchase stock from existing employees/founders as well as early venture investors. The rest of the round will be used for investment in the business and strategic acquisitions.