After launching Socium Ventures in 2023 with a $300m fund, the US conglomerate has announced a second $300m targeting tech startups.
Tag: Media
Daily Mail Group’s venture arm announces two new funds totalling £50m
DMG Ventures has announced two new $32m funds that will use media for equity arrangements, an increasingly common investment strategy.
Times of India to help US media wrestle back ad revenue lost to tech giants
While 65% of US ad spend has slipped from traditional media to the hands of Amazon, Google and Facebook, the Times of India has protected its market share on the subcontinent by investing in startups. The publishing group now wants to bring the model to the US.
Tsuchikawa bids farewell to Sony Ventures
GCV Powerlist mainstay Gen Tsuchikawa left Japanese conglomerate Sony after two decades, having led its CVC unit in the past eight years.
Brockhausen leaves German mass media firm ProSiebenSat.1’s CVC
Jan Brockhausen, previously an associate director at SevenVentures, is now a principal at Fiege Group-backed F-Log Ventures.
Four tips for media-for-equity startup investments
Some 50% of a consumer startup’s capital is spent on advertising, so trading equity for ads can save money. Here’s how to get those deals to work.
Ex-CVC Gerber joins online betting firm BetMGM in corp dev role
Alexandra Gerber, previously a CVC manager at Suntory Global Spirits, joined online betting company BetMGM.
“There is a surge of activity” – why media for equity is on the rise
Media for equity is on the rise and Uber, Airbnb and Pinterest have all used it, but what kind of startup and what kind of media company is it right for?
BBC’s startup investment arm emerges from stealth mode with metaverse deal
A first investment in live metaverse gig company Condense shows the kind of startup collaboration BBC Ventures is seeking.
Ex-SoftBank investor Housenbold joins YouTuber MrBeast’s company
GCV Rising Star Jeffrey Housenbold, who helped set up telecoms firm SoftBank’s Vision Funds, has become president and COO at Beast Industries.
German media CVC Burda Principal Investments expands team
Media conglomerate Hubert Burda’s CVC unit hired London-based Briac Bombrun and Berlin-based Lena Nedebock, increasing its headcount to 25.
AI tech firm Gcore raises $60m in series A funding
Wargaming led the edge AI technology company’s first external funding round, after a five-year hiatus in venture capital investments.
Singapore gaming firm Mon Protocol launches fund
Amid growing corporate confidence in crypto, Mon Protocol has teamed up with VC firm 500 Global to launch a fund targeting blockchain gaming startups.
El-Khouri leaves Bertelsmann Investments’ web3 unit for startup
Martin El-Khouri is leaving the German media group’s CVC arm to join a blockchain infrastructure startup.