Celebrity blog network Buzz Media takes $12.5 million

Celebrity blog network Buzz Media (formerly Buzznet), which owns the Celebuzz sites among others has raised $12.5 million in a round led by Focus Ventures that also included Anthem Ventures, New Enterprise Associates, Redpoint Ventures and Sutter Hill Ventures.

Buzz Media’s network includes well known names in celebrity and entertainment blogging including Celebuzz, Buzznet, the Superficial, SocialiteLife, What Would Tyler Durden Do, Stereogum, Idolator, Just Jared and Absolute Punk. The network does 40 million uniques a month.

Buzz Media said that will use the new round for “the continued growth of its portfolio of leading pop culture properties.”

Buzz Media’s round follows a round of $5 million for sports blog network SB Nation in January; despite the downturn, there’s still VC funding around for blog networks.