HEAVY.com Closes $20 Million Financing Polaris Venture Partners Increases Stake in HEAVY.com



    NEW YORK, Jan. 8 /PRNewswire/ -- Heavy.com, one of the web's leading
 online brands and the leader for 18-34 year old guys, today announced that
 it has closed a $20 million financing round from Polaris Venture Partners.
 This is the second round of funding from Polaris, which provided $10
 million to Heavy.com in early 2006.
     The financing will be used to further expand Heavy's network
 internationally and to create new brands that capitalize on Heavy's
 creative capabilities, advertising relationships and technical
 infrastructure.
     "2006 was a wonderful year for Heavy. Visitors to the site more than
 doubled and we grew our ad sales and management team, resulting in a 350%
 revenue increase," said David Carson, co-CEO of Heavy. "Our goal was to
 prove our advertising revenue model before expanding into new territories
 and markets, we're now well positioned to expand with confidence and
 surpass those numbers in 2007. This investment enables us to do so
 quickly."
     "Heavy has clearly established itself as one of the few online video
 sites able to both attract a very large audience while also building a
 substantial advertising business," said Mike Hirshland, partner of Polaris
 Venture Partners. "Heavy is building a true 21st century media company
 which combines internally developed content with great consumer generated
 content and with a sustainable revenue model. As advertisers expand their
 online video budgets in 2007, they are looking to work with the few online
 brands that can effectively deliver audience in scale. Heavy is ideally
 positioned to secure a place as an important player in the emerging media
 landscape. We are excited to partner with the Heavy team to help build this
 business."
     About Heavy.com
     Heavy is one of the web's leading consumer media companies and the
 leader for 18-34 year old males, which is a key demographic for marketers
 and advertisers. Heavy combines its own unique programming with those of
 its users to create an environment where you can control and even
 participate in your own media experience. Heavy empowers its audience to
 share, editorialize, and create their own content as well as provide its
 own library of programming. Heavy's programming staples include
 "Superficial Friends," "The Massive Mating Game," "Heavy News," "Behind the
 Music that Sucks," "Heavy's Angels," "Transworld", "Contagious," "Blisster"
 and "Tourettes Cowboy." Portions of Heavy's library of animation and
 live-action shorts are available for free download to the Sony PlayStation
 Portable and the Video iPod. Advertisers on the broadband network include
 Coors, Nissan, Panasonic, Diesel, Axe, Sony and Nike.
     About Polaris Venture Partners
     Polaris Venture Partners is a partnership of experienced venture
 capital investors and technology executives. With over $3 billion under
 management, Polaris identifies and invests in seed, early stage and growth
 equity businesses in the technology, life science and digital media
 sectors. Through a philosophy of lead investing and active, long-term
 partnering with early stage and growing revenue stage businesses, Polaris
 has helped a number of companies achieve outstanding success. Among them
 are: Accordant Health Services, Acusphere, Advanced Inhalation Research
 (AIR), Akamai Technologies, Allaire Corporation, American Superconductor,
 Alnylam Pharmaceuticals, Aspect Medical Systems, Avici Systems, Centra
 Software, Classifieds2000, Cubist Pharmaceuticals, deCODE genetics,
 Exchange.com, GlycoFi, Matrics, Momenta Pharmaceuticals, Paradigm Genetics,
 Powersoft, SolidWorks, and TransForm Pharmaceuticals. For more information,
 please see www.polarisventures.com.
     Press Contacts:
     For Heavy
     Lane Buschel / Joanna Virello
     The Morris + King Company
     212-561-7454 / 212-561-7467
     lane.buschel@morris-king.com
     joanna.virello@morris-king.com
 
     For Polaris
     Kristen Collins
     KMC Partners
     617-833-5574
     Kristen@kmcpartners.com
 
 

SOURCE Heavy.com

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