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Report: Huffington Post lands $15 million in VC funding

The site plans to use the proceeds to help fund its expansion, which will include offering local news and investigative journalism.

Political site The Huffington Post has reportedly received a $15 million third round of funding, according to the Times UK.

That funding round brings The Huffington Post up to $40 million in raised capital, giving it an estimated valuation of $100 million, says a report in PaidContent.org

The Huffington Post anticipates using the proceeds to help fund its expansion, which will include offering local news and investigative journalism, according to the Times UK site.

Oak Investment Partners participated in this latest round. In previous rounds, SoftBank Capital and Greycroft Partners have provided investments.