Mashable Raises $13 Million to Launch Expansion Effort

By: Brian Stelter | CNN

Nearly a decade into its existence, the news website Mashable is taking on outside investors for the first time.

The site plans to announce on Monday that it has raised $13.3 million in an equity investment round led by Updata Partners. The investment will fuel an expansion plan that entails new areas of coverage and the opening of more offices.