BuzzFeed has filed to raise a $200 million round, according to regulatory documents. The company plans to sell shares for the same price as its previous financing, effectively making this a flat round. An earlier Recode report indicated existing investor NBCUniversal would be the sole participant—which, if true, would double the media conglomerate’s total investment in BuzzFeed, following a $200 million funding last year that valued the company at $1.6 billion.
The news adds credence to the tongue-in-cheek statement made by Postmates CEO Bastian Lehmann in a recent interview that "flat is the new up." Just a few weeks ago, the food-delivery company raised a $141 million round at the same per-share price of its previous funding, an exercise Lehmann reportedly described as "super, super difficult.” That two companies with such hype raised flat rounds within a month of each other seems to indicate that the effects of last year's valuation bubble continue to linger.
Check out BuzzFeed's free profile to see its financing history, investors, cap table and more.