AOL to spin out VC database CrunchBase

Sep 11, 2015 • Robert Lavine

CrunchBase has drawn up a term sheet for up to $7m of funding and AOL will reportedly remain a significant investor.

US-based internet and media company AOL will spin out venture capital database CrunchBase as an independent company backed by VC firm Emergence Capital Partners, TechCrunch reported on Wednesday.

CrunchBase was formed in tandem with online technology news source TechCrunch, and the two were jointly acquired by AOL in 2010.

The database, which receives about two million unique visitors each month, has drawn up a term sheet with Emergence for between $5m and $7m of funding. AOL will remain a “signficant…

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