Salon Receives Additional Funding


Another back-from-the-brink funding for it has received $800,000, bringing the entire investment in Salon since July, 2002 to $2,100,000. This current round was led by existing Salon investors Bill Hambrecht and John Warnock, a Salon board member.

Salon also announced that it surpassed 60,000 active Premium subscribers this week and continues to enjoy an annual renewal rate of 72 percent. The company hopes that the current round of funding will take it to profitability.

Comments are closed.