US-based law firm Fenwick & West’s corporate venturing unit has helped Zimbio, an online media company, raise $8.9m in funding.
Fenwick & West Investments was joined in the series B round by Menlo Ventures, which led the deal, and also included US bank Comerica Bank and venture firms Great Oaks Venture Capital, Fenwick & West Investments as well as Draper Associates. Zimbio was launched in 2006 and it publishes celebrity website Zimbio.com and fashion and beauty website StyleBistro.