May 25th, 2011
"Leading business and technology media company will use funding to expand its rapidly growing GigaOM Pro subscription-based research business, extend editorial leadership, and build its portfolio of industry-leading conferences"
"San Francisco – GigaOM, a leading business and technology media company, announced today that it has raised $6 million in expansion funding. Reed Elsevier Ventures led the round, with existing investors Alloy Ventures and True Ventures also participating. “As the venture capital arm of one of the largest global media companies, Reed Elsevier Ventures is the ideal investment partner for GigaOM, bringing their focused expertise and contacts in events, media, research and content monetization to GigaOM as we accelerate into the next phase of growth,” said Paul Walborsky, CEO of GigaOM."