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media companies darling of VCs?

Filed in archive Venture Capital by tj on June 08, 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+


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