Tech Company Financing Transactions
Group Nine Funding Round
Discovery Capital and Axel Springer participated in a $50 million venture round for Group Nine. The financing round was announced on 9/10/2019.
Transaction Overview
Company Name
Announced On
9/10/2019
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Discovery Capital (Lead Investor) (David Zaslav)
Proceeds Purpose
The company said it will use new cash infusion to invest in new content and intellectual property across its brands, as well as for its recently launched commerce division.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
568 Bdwy. 10th Floor
New York, NY 10012
USA
New York, NY 10012
USA
Phone
Website
Email Address
Overview
Group Nine says its brands collectively deliver 3.5 billion video views each month and have more than 12 billion monthly social impressions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ben Lerer
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We document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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