TheSkimm, the fast-growing newsletter aimed at young women, has new backers, including the New York Times.
The Times is part of a group of investors putting a total of $500,000 into the New York-based startup.TheSkimm co-founders Danielle Weisberg and Carly Zakin say the money is an add-on to an $8 million round, led by 21st Century Fox, that they announced this summer. UPDATE: That round valued the company at around $55 million, according to a person familiar with the investment.
The other investors in this round are Yannick Bolloré, the CEO of French media conglomerate Havas; media advisory firm MediaLink; and Mariska Hargitay, the actress best-known for her role on "Law & Order: Special Victims Unit."
Read Complete Article