Next Issue Media Obtains $50,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c15245aa-9fee-4098-997a-ab49418658d8
Date
12/4/2014
Company Name
Next Issue Media
Mailing Address
4600 Bohannon Drive Menlo Park, CA 94025 USA
Company Description
Next Issue Media is a joint venture of six leading publishers – Condé Nast, Hearst Magazines, Meredith, News Corp., Rogers Communications and Time Inc. The company was formed to bring the world’s most popular magazines to life on the digital device of your choice.
Website
http://www.nextissue.com
Transaction Type
Venture Equity
Transaction Amount
$50,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The investment will support further development of Next Issue’s innovative digital magazine platform and will help deliver Next Issue’s exclusive all-you-can-eat content to a broader audience.
M&A Terms
Venture Investor
Venture Investor
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Venture Investor
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