HitFix Raises $1.6M

Los Angeles-based HitFix, an online web site focused on entertainment news and information, has raised $1.6M in a new funding round, according to investor the Tech Coast Angels. According to the TCA, it joined in a second round of funding worth $1.6M in Hitfix, led by investor Yuri Pikover. Hitfix focuses on news, interviews and commentary on all aspects of entertainment. Pikover was founder of Access360 and a co-founder at Xylan and is an active angel investor in the Southern California area. According to the firms, HitFix was founded by Jennifer Sargent and Greg Ellwood, with Sargent serving as CEO, and Ellwood as Editor-In-Chief of the web site. The Tech Coast Angels said that HitFix gets around one million monthly unique users, and is advertising-driven. More information »