Politico Co-Founder Jim VandeHei to Launch News Venture for Professionals

Politico co-founder Jim VandeHei is preparing to unveil his next act: a media outlet targeting corporate executives and other professionals with a mix of business and political news.

The soon-to-launch company secured about $10 million in financing late last week, according to people familiar with the matter. The investment round was led by Lerer Hippeau Ventures, the venture-capital firm that helped launch the Huffington Post and BuzzFeed.

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