TechMediaNetwork Inc. of Ogden said Monday it had secured $33 million in funding from ABS Capital Partners of New York.
As a result of the financing, ABS Capital General Partner Ralph Terkowitz and Principal Paul Mariani will join the Utah company's board of directors.
Existing investors Village Ventures and Highway 12 Ventures also participated in the B round of funding, said TechMediaNetwork, which produces news and reviews on technology and science.
The company said it will use the funds to increase its acquisitions, enhance its money-making strategies and increase distribution of its content.
"Both organically and through complementary acquisitions, we are constantly looking to strengthen and broaden our expansion in the technology news market," said Jerry Ropelato, CEO and founder of TechMediaNetwork, in a news release.
TechMediaNetwork websites include LAPTOP, SPACE.com, TopTenREVIEWS and TechNewsDaily.
The company said it ranks third in comScore's Technology News rankings. Its syndication partners include Yahoo!, MSNBC.com and the websites of Fox News and CBS News, and advertisers include American Express, AT&T, Canon, General Motors, HP, Kodak, Sony, Symantec, Toyota and Warner Bros., TechMediaNetwork said.
"We have been searching for a leading technology-oriented internet and mobile publishing business, believing that quality technology content attracts advertisers and ecommerce transactions," said Ralph Terkowitz of ABS Capital. "We really liked their approach of providing 'news you can use' technology content which is highly attractive to consumers and small businesses alike."
TMN has made two acquisitions since its founding and has more than 90 publishing partners, the company said.