Cox Media Group, a US-based media group, has led an investment of a further $6.7m in Skyword, a US-based content production platform. The financing takes Skyword’s funding to $38.7m.
Tom Grace, founder and chief executive of Skyword, said: “Cox Media Group continues to be a strategic partner in our growth as we push to reshape the industry.”
In December 2011, Cox Media Group invested $6m in Skyword, bringing its then overall funding to $32m. Skyword’s previous investors include media conglomerate Hearst Interactive Media, McGraw-Hill Ventures, the corporate venturing unit for financial information and education company McGraw-Hill, non-profit media organisation the American Public Media Group, venture capital firm Pilot House Ventures, Allen & Company and Progress Ventures.