media companies darling of VCs?

Filed in archive Venture Capital on June 8, 2004

Who said the times of mega VC rounds are over? Apparently it can still be achieved. TechTarget has received stunning US$ 70 million from Technology Crossover Ventures and Polaris Venture Partners. The company looks pretty interesting as it does niche publishing, something I'm pretty much working with in the last months...


Here are some indicators:

• 
  Current member base of Enterprise IT professionals -
  2,874,748


• Number of industry-specific Web sites for enterprise IT professionals
  19


• Total monthly impressions
  42 million


• Total monthly page views
  12 million


• Average number of Webcasts produced each month
  50


• Opt-in E-Newsletters sent each month
  70+


• Number of invitation-only IT conferences
  10+


• Number of sponsors and advertising customers
  1,500+