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Glam Raises $10 Million Fifth Round For German, Japan Expansions

imageGlam Media has raised a $10 million fifth round from investors related to its Japanese and German units, paidContent has learned. The Japanese funding comes from Mizuho Venture Capital. The VC arm of the Japanese bank was joined by ad agencies Dentsu and WPP Group-backed ADK; magazine publishers Shogagukan and Syueisya; and print publisher NikkeiBP. Separately, Hubert Burda Media has made an investment in its joint venture with Glam Media in Germany. The company did not break out the individual amounts or say how the proceeds will be split between its German and Japan operations.

After getting $84.6 million in funding last year, Glam quickly set about buying UK online ad sales rep firm Monetise and then acquired German digital marketing firm Codex Media. More at