Demand Media Raises $100M

Santa Monica-based Demand Media has raised $100M in a second round of funding, the firm announced today. The new round was led by 3i and Oak Investment Partners, and also included Spectrum Equity Investors. Demand Media is headed by former MySpace Chairman Richard Rosenblatt. The company said that it would use the funding to increase the company's organic and strategic growth. Demand Media has been purchasing domain name parking and web content sites, and recently acquired eNom, a domain name registrar and internet services provider. The firm has now raised $220M in venture funding. More information »