Bustle owner BDG raises growth round

BDG, the owner of Bustle, Nylon and other women-focused media brands, has closed a growth investment from Medici Capital Partners, Axios has learned.

Why it matters: The round provides financial support to the venture capital-backed digital media brand that previously explored going public and has repeatedly laid off employees over the years.

Zoom in: Medici managing partner Richard Yen has joined BDG's board, according to an investor note obtained by Axios.

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