Ozy Media, portfolio company of GSV Capital, has raised $20 million in financing from Axel Springer, a European multimedia print, online and Web-TV company. Ozy Media plans to use the funds to compete for millennial readers with publications including Buzzfeed, Business Insider and The Huffington Post, among others. The site currently attracts about 5 million monthly readers, with an additional 15 million exposed to its content through distribution sites. In December 2013, the company raised over $5 million at a valuation of near $40 million. Its latest valuation is reported to be around $120 million.