New York
– Greycroft Partners, a venture capital firm focused on digital media
investments, announced on Wednesday that it has closed its second fund,
Greycroft II, at $130.7 million.
The firm was founded in 2006 with a $75
million fund that made 34 investments, typically in sums between $500,000 and $5 million, in early-stage companies.
Past investments have included The Huffington Post; PaidContent parent
company ContentNext Media; Digisynd; Pump Audio; CrowdFusion; and Buzzd.
Partner Ian Sigalow told PaidContent the firm
plans to make 40 investments over the next four to five years with the new
fund.
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(PaidContent)
