Jordan Lofaro is an investment principal at media company McClatchy, a US-based local news publisher with 30 newsrooms, including the Miami Herald, Charlotte Observer, Kansas City Star and Sacramento Bee.
Reporting to McClatchy’s executives, Lofaro runs the corporate venturing portfolio. He said: “I have directed investment in seven startups over the past 18 months, made alongside blue-chip co-investors like Fidelity, Greycroft, Mark Cuban and Founders Fund.
“I also lead product innovation to transform legacy revenue models – working with our tech teams, revenue teams and audience teams to implement startup tech in our business units. I have brought the modern VC mentality to a 161-year-old publicly-traded company, under the invaluable guidance of Andy Pergam, vice-president of video and new ventures.”
Some recent venture deals involving Lofaro are a post-A note round for ZergNet, a private network content recommendation engine; a lead stake in pre-A note for WhereBy.Us, which provides “reimagined” news; a minority stake in series A round for Recruitology, which partners publishers to offer artificial intelligence recruitment tools to local employers; a lead stake in pre-A note for Offline Media, which uses editorial artificial intelligence and human editorial to deliver events to millennial urbanites; and RadioPublic, which searches for and imports subscriptions for podcasts.
