It was announced on Wednesday that b5media has raised $2 million USD to fund their blog network’s growth.

b5media Inc. (“b5media”), a global new media network, has raised US$2-million of equity financing in a transaction co-lead by Brightspark Ventures and J. L. Albright Venture Partners. The funding will strengthen the company’s network of bloggers to create greater value for readers and advertisers.

Though there are a few dissenting views about this new turn of events, I wish them the best of luck.

(If you care to read some of these dissenting views and other commentary, you can check out ValleyWag, BusinessLogs, and Rick Segal. You can also catch a nice round up of all the chatter at TechnoSailor.)

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