Giga Omni Media has secured another $4.5 million in funding, bringing the total to $5.3 million according to Michael Arrington, who disagrees with the decision to raise money at all. Om Malik writes:
We are going to use this new investment prudently, to enhance our technology platform and content offerings, add to our current portfolio of publications and expand our Events and Briefings businesses. We are in investing for the long-term — in ourselves.
This move shows that Giga Omni Media will continue to expand aggressively, and further acquisitions, following the ones of jkOnTheRun and The Apple Blog, is likely.
Tags: Blog Networks, funding, Giga Omni Media, Michael Arrington, Om Malik, Venture Capital