Jim Bankoff's Vox Media nears $40 million funding target

Reuters

SAN FRANCISCO, Oct 15 (Reuters) - Vox Media, the publisherof sports website SB Nation, has raised $34 million of a $40million new funding round, according to a filing at theSecurities and Exchange Commission.

Vox, which also publishes technology site The Verge andviedeogame site Polygon, has previously raised more than $20million from backers such as Accel Partners, Comcast Ventures,and Khosla Ventures. Accel led the latest round, according to aspokeswoman for the venture capital firm.

Vox chief executive Jim Bankoff formerly led websites suchas AOL's Aol.com and established websites including TMZ,the celebrity-gossip site.

Lately, online-only publications have attracted outsizedinvestor interest. In January, news site BuzzFeed raised $19.3million from investors including New Enterprise Associates andSoftBank Capital.

Last year, Turner Broadcasting bought sports site BleacherReport for about $180 million.

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