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Politico Co-Founder Jim VandeHei to Launch News Venture With $10M - WSJ

Politico Co-Founder Jim VandeHei to Launch News Venture With $10M - WSJ: Politico Co-Founder Jim VandeHei to Launch News Venture With $10M

Politico co-founder Jim VandeHei is launching a business news site aimed at professionals. PHOTO: GETTY IMAGES
Lukas I. Alpert
Sept. 7, 2016 7:06 a.m. ET
Politico co-founder Jim VandeHei is preparing to unveil his next act: a media outlet targeting corporate executives and other professionals with a mix of business and political news.

The soon-to-launch company secured about $10 million in financing late last week, according to people familiar with the matter. The investment round was led by Lerer Hippeau Ventures, the venture-capital firm that helped launch the Huffington Post and BuzzFeed.

Comcast Corp.’s NBC News unit also is backing the startup and will serve as its media partner.

“Our talent will appear on NBC and MSNBC and we will collaborate on other projects,” Mr. VandeHei said.

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