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Amazon's Bezos invests $5 million in Business Insider

Published on .

New York—Bezos Expeditions, the personal investment company of Amazon.com CEO Jeff Bezos, has led a $5 million round of financing for business news site Business Insider. Other existing Business Insider investors, including Institutional Venture Partners and RRE Ventures, participated. “This capital will allow us to continue to invest aggressively in many areas of the business, including editorial, tech/product, sales and marketing, subscriptions, and events,” wrote Business Insider CEO Henry Blodget in an internal memo posted by a Business Insider reporter. “It will also allow us to expand our office,” he said.
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