April 28 (Reuters) - Lifestyle and fashion media companyRefinery29 said on Tuesday it raised $50 million in a fundinground that included backers Scripps Networks Interactive and ad agency WPP.
The latest influx increases Refinery29's total funding to$80 million from previous investors including the Stripes Group,Hearst Corp and Lerer Ventures.
While the company did not disclose its valuation, Recodereported it at $290 million citing a person familiar with thesituation.
Refinery29 is the latest new media site to reap millions indollars from investors including BuzzFeed and Vox Media.
Scripps Network Interactive's chief development officerJoseph NeCastro will join Refinery29's board of directors aswell as a representative from WPP's venture arm.
(Reporting by Jennifer Saba in New York; Editing by ChrisReese)
WPP (WPP)
