paidContent Raises Initial Round From Greycroft
Rafat Ali has announced raising an undisclosed series A round of venture capital:
[from The Next Big Step: Announcing Our Funding, from Patricof's Greycroft Partners]ContentNext Media, the parent company of our three sites – paidContent.org, MocoNews.net and ContentSutra — has received its first round of investment from Alan Patricof’s new venture firm Greycroft Partners. The amount is not being disclosed.
ContentNext also recently brought on former Details magazine president and publisher Jeff Stern as a director and COO.
Another indicator of the strength of new media is the smart money moving in to make it go, like the funding here of Rafat Ali's media business, and the recent news about Om Malik's funding.
[pointer from WSJ]
Comments