April 13, 2011 2:57 pm
SAN FRANCISCO, CA--(Marketwire - April 13, 2011) - Sugar Inc., a fast-growing global media company for women, announced today that it has completed a $15 million later-stage round of financing led by Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms. The Company's original and consistent partner Sequoia Capital also participated in the round.
Sugar intends to use the funds for brand extensions, acquisitions, and international growth in pursuit of its goal of becoming the world's largest media company focusing exclusively on women's lifestyle.