Amazon CEO Jeff Bezos Invests in Blodget’s Business Insider
Business Insider Inc., the news site co-founded by former Internet analyst Henry Blodget, raised $5 million in venture capital from investors led by Amazon.com Inc. (AMZN) Chief Executive Officer Jeff Bezos.
Bezos, an avid reader of the site, is making his first investment in the company through his personal investment arm Bezos Expeditions and brings the startup’s total funding to $18.3 million, Business Insider said. RRE Ventures and Institutional Venture Partners also participated in the funding round. Earlier investors have included venture capitalist Marc Andreessen and Ken Lerer, a co-founder of the Huffington Post.