Mashable and Business Insider close large new financing rounds

Mashable announced late Wednesday night that it has closed a new round of financing worth $17 million, led by Time Warner Investments — the venture-capital arm of the New York-based media conglomerate — and Business Insider is close to announcing its own new round of funding, said to be worth $25 million and led by German media giant Axel Springer, according to a report in the Wall Street Journal. These investments come not long after a series of large financing deals for both BuzzFeed, which raised a total of $50 million led by Andreessen Horowitz, and Vice Media — which raised $500 million by selling a $250-million stake in the company to A&E Networks (a joint venture between Disney and Hearst) and a similar-sized stake to the venture-capital fund Technology Crossover Ventures.