Well the rumours on this occasion turn out to be true. Shiny Media, a company that until a year ago was headquartered in three London bedrooms, has secured $4.5 million (US) worth of investment.

The money comes from a new firm called Bright Station Ventures and you can read about the deal in this Sunday Times article.

I don't have a great deal to say at this moment other than to state the bleeding obvious that we are hugely excited about how we can use the cash to develop Shiny.

We started Shiny with nothing other than some great ideas and a passionate belief in the potential of blogs. We now attract almost three million readers each month to our 22 sites, employ over thirty bloggers (some full-time, some freelance) and regularly attract big name advertisers.

We have come a very long way in a short space of time with no money.  The investment will help us make some of more ambitious dreams realities.

If you have any queries contact Darika.

Ashley

S