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Jeff Bezos invests more money in Business Insider: Report

Jeff Bezos
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The online news site Business Insider has raised another $12 million in funding from investors including Amazon CEO Jeff Bezos, The Wall Street Journal reported.

The funding will be used to hire more news staff and to finance the launch of the online news site in the U.K., the Journal said.

(Read more: After mulling sale, Business Insider raises funds)

Business Insider's revenue grew 80 percent last year, but the site doesn't expect to be profitable this year because of the investments the company is making, the report said.

"We've proven the concept. Now we have a huge, global, multi-decade growth opportunity ahead of us," Business Insider Chief Executive Henry Blodget told the Wall Street Journal in an email.

Read full story here.


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