Yet another blogger, Rafat Ali from Paid Content, has raised Venture capital for his blogging business according to his announcement post today.
Rafat explains the investment saying that the investment comes from Alan Patricof and that the amount will not be disclosed.
What will Rafat do with the invested money?
“We’ll be hiring a journalist in NYC, starting our UK vertical, launching a redesign of all our sites, hiring more staff for operations and sales, bringing on interns, planning more industry mixers and developing conferences, starting our research arm, and more.”
Found via the WSJ (subscription required) which reports that the investment is lower than $ 1 million.
