Inhabitat Rakes In $500K In New Financing
Most people familiar with the online green scene have probably heard of Inhabitat. It’s a green site dedicated to sustainable design — and includes the new spin-off with a similar theme for green parents called Inhabitots. The owner, Jill Fehrenbacher, just finished a new round of financing to the tune of $500K to help continue growing her empire. The cash is flowing from a European based VC firm and Ascension Investments, a Dubai-based fund.
In a time when we’re seeing so many green web and print entities suffer from the economic downturn, it’s great to see sites like Inhabitat still bringing in interest and investment capital. From the source,
“Fehrenbacher says Inhabitat will use the money to grow its editorial team, invest in more development, and launch more spin-off sites. ‘Nothing too crazy,’ she tells us by e-mail, ‘just saw a good opportunity to grow the business and add the kinds of resources that would help us get to that next level.'”
We wish the Inhabitat team the best going forward and can’t wait to see what new projects they have in store for us!