Last month Recode reported that NBCUniversal invested $200 million into BuzzFeed. Now, CBInsights has confirmed the company’s authorization to raise the money by obtaining the media company’s most recent filings.
According to the documents, the company has been authorized to raise as much as $200 million. The round, a Series G, would be flat, giving BuzzFeed the same valuation of $1.5 billion it had in August of 2015. Series G investors are granted some guarantees in case of an IPO. For two years and three months, they are “guaranteed to be made whole even if in an IPO the per share price is less than what they paid,” notes CBInsights.