Home Featured Top Slider Group Nine Media Raises $40 Million From Discovery, Axel Springer, Lerer Hippeau

Group Nine Media Raises $40 Million From Discovery, Axel Springer, Lerer Hippeau

287
0
SHARE
Photo by Gabriel Matula on Unsplash under the Creative Commons License

Variety reports: “A little over a year after it was founded, Group Nine Media has raised a $40 million follow-on round in new funding from Discovery Communications, German media conglomerate Axel Springer and venture-capital firm Lerer Hippeau Ventures. The company was formed in October 2016 with a $100 million investment from Discovery, combining three startups backed by Lerer Hippeau Ventures — Thrillist, NowThis Media and the Dodo — with Seeker (formerly Discovery Digital Networks).”

Read more