Subscription Newsletter theSkimm Raises Nearly $12 Million in Series C

TheSkimm, a digital media company known for its witty, daily newsletter, raised $12 million in Series C funding from mostly female investors including TV
TheSkimm, a digital media company known for its witty, daily newsletter, raised $12 million in Series C funding from mostly female investors including TV producer Shonda Rhimes (Grey's Anatomy, Scandal, How to Get Away with Murder) and supermodel-actress Tyra Banks, reports Variety. The total raised by the privately-held, New York-based company to date is $29 million, says TechCrunch. TheSkimm will use the money to grow its free and premium offerings and to expand the company's No Excuses political-engagement campaign....

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