RealTime IT News

DrDrew.com Secures $7.5 Million in Venture Funding

DrDrew.com, a new health and lifestyle destination site from television and radio doctor Dr. Drew Pinsky, said it has received new equity investments totaling $7.5 million from venture capital, media and individual investors led by Softbank Venture Capital.

Also participating in the round of funding were media company Freedom Communications and the venture capital firms of Mentor Venture Partners and Garage.com. Freedom Communications and Garage.com also participated in DrDrew.com's initial round of funding.

Among the individual investors are Greg Maffei, chief financial officer of Microsoft, and Joe Grundfest, professor, Stanford University School of Law.

They join Dale Fuller, former president of the popular Web site WhoWhere.com, who participated in DrDrew.com's initial round of funding. Joining the board of directors is Heidi Roizen, a managing director of Softbank.

"Dr. Drew has the ear of a large and important Internet audience. He's earned their trust and respect," said Roizen. "We hope to build on this great franchise with ever expanding content, community, and commerce opportunities."

Dr. Drew Pinsky is the co-host of the nationally syndicated Loveline radio and television shows. Launched earlier this month, DrDrew.com is a health and lifestyle site for young adults, ages 14-34.