Tuesday, June 30, 2009

High Gear Media Snags $5.5M

Palo Alto-based High Gear Media, an owner of a network of 38 automotive websites, said today that it has raised $5.5M in a Series B funding round. The round was led by DAG Ventures, and also included prior investors Accel Partners and Greylock Partners. The firm said the funding brings its total raised to $12M. High Gear Media will use the funding for further developing its technology platform, as well as strategic acquisitions. The company's web sites include expert reviews, news, opinions, and other iinformation focused on automobiles. More information »