BuzzFeed CTO joins men’s health startup Ro
Ro, a two-year-old startup known for its online pharmacy of men’s health products, has named BuzzFeed’s Todd Levy its chief technology officer.
Levy first joined BuzzFeed in 2014 as the digital media company’s vice president of engineering; he was named CTO in 2016. Prior to BuzzFeed, Levy co-founded and led link management tool bit.ly. Levy begins his new role Wednesday, August 14.
We’ve reached out to BuzzFeed for comment.
Ro, valued at $500 million earlier this year, has raised $176 million in venture capital funding from Canaan Partners, FirstMark Capital, BoxGroup, Initialized Capital, General Catalyst, SignalFire and others. The fast-growing startup poised to enter the unicorn club in the next year represents an opportunity for Levy to get back in the business of early-stage startups.
The news comes months after BuzzFeed announced its largest layoffs to date. Despite having raised $500 million over the last decade, the site has struggled to find a path to profitability. BuzzFeed chairman Ken Lerer, a prolific media investor, stepped down this June.
In an email announcement to staffers, Ro co-founder Saman Rahmanian said the new hire will help usher the business into a new phase of growth: “First