Ozy Media, the digital magazine and lifestyle outlet launched in 2013, has raised $35 million in a new round of financing to support the expansion of its TV production, live events and podcasting operations.
Marc Lasry, co-owner of the Milwaukee Bucks, led the series C funding round with participation from Interlock Partners, LionTree, Atinum Investment, iHeart Media and Tom Franco, Don Gogel and Roberto Quarta, partners in the private equity firm Clayton, Dubilier & Rice. Lasry has joined the board of Mountain View, Calif.-based Ozy Media, co-founded by former CNN host Carlos Watson and Samir Rao.
The latest investment brings the total financing raised to date by Ozy Media to more than $70 million. All of Ozy Media’s existing investors — including Gsv Capital, Axel Springer and Emerson Collective — returned for the new round.
“We are really proud that top-tier investors want to join us,” Watson told Variety.
Ozy Media has turned its...
Marc Lasry, co-owner of the Milwaukee Bucks, led the series C funding round with participation from Interlock Partners, LionTree, Atinum Investment, iHeart Media and Tom Franco, Don Gogel and Roberto Quarta, partners in the private equity firm Clayton, Dubilier & Rice. Lasry has joined the board of Mountain View, Calif.-based Ozy Media, co-founded by former CNN host Carlos Watson and Samir Rao.
The latest investment brings the total financing raised to date by Ozy Media to more than $70 million. All of Ozy Media’s existing investors — including Gsv Capital, Axel Springer and Emerson Collective — returned for the new round.
“We are really proud that top-tier investors want to join us,” Watson told Variety.
Ozy Media has turned its...
- 11/1/2019
- by Cynthia Littleton
- Variety Film + TV
Ozy Media, which bills itself as “a daily digital magazine custom built for the Change Generation,” announced Friday the completion of a Series C funding round of $35 million, led by Marc Lasry.
Lasry, a businessman and the co-owner of the Milwaukee Bucks, was introduced to Ozy co-founder and CEO Carlos Watson through mutual friends, Watson told TheWrap.
“I think it actually started because his kids are big Ozy readers and went to Ozy Fest and listen to Ozy podcasts,” Watson explained.
Also Read: Ozy Media to Address Race in New Primetime Series
Lasry is backing Ozy at a time when the company has used its festivals, podcasts and digital shows to buck the broader trend in digital media of consolidating or closing down. “I think he feels that we are at the forefront of so many of the most important consumer trends in media,” Watson said of Lasry’s investment.
Lasry, a businessman and the co-owner of the Milwaukee Bucks, was introduced to Ozy co-founder and CEO Carlos Watson through mutual friends, Watson told TheWrap.
“I think it actually started because his kids are big Ozy readers and went to Ozy Fest and listen to Ozy podcasts,” Watson explained.
Also Read: Ozy Media to Address Race in New Primetime Series
Lasry is backing Ozy at a time when the company has used its festivals, podcasts and digital shows to buck the broader trend in digital media of consolidating or closing down. “I think he feels that we are at the forefront of so many of the most important consumer trends in media,” Watson said of Lasry’s investment.
- 11/1/2019
- by Lindsey Ellefson
- The Wrap
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