Profitable: Sugar Inc raises $16M, buys Shopflick and those NBC shares, expands to LA » VentureBeat
VENTUREBEAT.COM - Sugar Inc, a women-focused media company, is in the middle of a big expansion. It has closed a new, $16 million round from existing investor Sequoia Capital and used some of that money to buy back shares from another investor, NBC Universal. It also used some of that money to purchase of women-focused “indie” video-driven shopping site Shopflick. The founder and chief executive of that...
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