Demand Media Raises $100 Million

Demand Media Raises $100 Million

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Demand Media, the company founded by the former CEO of Intermix Media (the company behind MySpace) Richard Rosenblatt, has raised another $100 million in venture capital. Demand Media is in the business of buying domain names with organic traffic (names with easy to remember names) and adding social networking features to them. Accordingly, they also own domain registrars eNom and BulkRegister.

The company’s investors in this round of funding include investment bank Goldman Sachs, 3i Group, Generation Partners, Oak Investment Partners and Spectrum Equity Investors.

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