Social Media

BuzzFeed Has Raised $20 Million in New Financing

Looking to expand

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BuzzFeed, the social news Web site that was one of the media industry darlings of 2012, began the new year by announcing Thursday morning that it had raised nearly $20 million in new financing from its investors.

With the infusion of capital the company will hire more employees, try to strengthen its presence on mobile phones and potentially add international flavors of its Web site.