Sweeet!: Sugar Gets $15 Million More in New Funding From IVP and Sequoia

Sassy women-focused content site, Sugar Inc., has raised another $15 million in late-stage venture funding from new investor Institutional Venture Partners, as well as its original one, Sequoia Capital. The San Francisco-based site, which has now raised a total of $46 million, said it would “use the funds for brand extensions, acquisitions, and international growth…”

Sugar Inc. Goes Local With FreshGuide Acquisition

San Francisco-based women-focused online media site Sugar Inc. has made it first significant move into the local market, by announcing its purchase of FreshGuide. The locally focused FreshGuide makes women-aimed city guides that show off daily offers in a wide range of arenas, such as beauty, health and fitness. Another FreshGuide offering, BookFresh, does online booking for spas and salons.

Sugar Media Say Buh-Bye to NBC Universal–Raises $16 Million From Sequoia Capital, Buys Shopflick and More

San Franciso-based women-focused online media site Sugar Inc. made it first significant move into the local market by announcing its purchase of FreshGuide. The locally focused FreshGuide makes women-aimed city guides that show off daily offers in a wide rage of arenas, such as beauty, health and fitness. It also has another offering, BookFresh, which does online booking for spas and salons. San Francisco-based Sugar Media, which specializes in Web sites aimed at women, cut its ties with NBC Universal by buying back its shares and got a Series C funding of $16 million from Sequoia Capitol. Sequoia has been an existing venture investor, having put $5 million into the start-up in late 2006. NBC, a unit of GE, invested $10 million in 2007. Sugar, which runs the flagship PopSugar.com site, also announced it has bought video shopping start-up, Shopflick, and had hired its founder and CEO to run a new Los Angeles-based entertainment unit.
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