ThisNext Gets New Funding

Los Angeles-based social shopping site ThisNext announced this morning that it has raised a new round of funding, and inked a partnership with online advertising firm Federated Media. Amount of the funding was not disclosed. ThisNext said the new funding came from individuals Gary Winnick, Chairman of Pacific Capital Group; Bob Pittman, Founding Member of Pilot Group, former COO of AOL and AOL Time Warner and former CEO and Founder of MTV Networks; as well as Stan Shuman, Managing Director of Allen & Company, LLC. Clearstone Venture Partners and Anthem Venture Partners also participated. The firm said the funding will go towards "aggressive" plans to grow its business. More information »