Glam Media, a network of over 1,400 properties that sees nearly 160 million unique monthly worldwide visitors, has just recieved a new round of venture capital from aeris CAPITAL for $50 million.  areis CAPITAL is a Switzerland and Silicon Valley based private equity fund, whose funding has rumored to help value the vertical advertising network at $750 million.

Glam Media will use this new round to purchase stock from existing employees/founders as well as early venture investors, with the rest focused on new investments within the business and strategic acquisitions.

In 2009 Glam Media generated $55 million in revenue, up from $40 million in 2008.