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Ozy, Refinery29, Business Insider, Vox, and Buzzfeed are among the news and media startups valued over $100M.
Venture capital and strategic investors ranging from Comcast to Time Warner to Bertelsmann poured nearly $800M into digital news and media startups last year. The huge fundings are leading to some very robust valuations in the content business.
Notably, Buzzfeed and Vox Media each took investments of $200M from NBC Universal earlier this year, placing them in the now 139-member strong unicorn club. Now, Axel Springer has acquired Business Insider, valuing the company at $442M just 7 years after launch....
VC dollars are flowing to content both digital and old/digital.