Federated Media has completed its Series A financing with JP Morgan. They didn’t disclose the numbers. However it’s a good thing. I have only tons of respect for what FM has done, and what I’ve heard from publishers is only good. You can check out all the FM Publishing Sites in the Blog Network List
Federated Media has closed its Series A financing, with JP Morgan Partners (JPMP) as the lead investor. All of FM’s seed investors – the Omidyar Network, The New York Times, and several angels (my post on the first round is here), have also participated in the round. We’re not disclosing the numbers involved in the funding, but we’re thrilled with the support that the new round brings to our company.
Joining Federated’s board is Chris Albinson, a partner at JPMP who I’ve known for years. We’ve coached our sons’ little league team together, watched our daughters’ first school play together, and when the opportunity came for us to work together, we both jumped at it. Chris and his team’s network of relationships and extensive business experience has already paid significant dividends for our young company. Chris and his team are embarking on their own startup of sorts, as they are spinning out from JPMP and starting their own venture capital firm – Panorama Capital – focused on technology and life sciences.
Also if you haven’t checked out Federated Media’s New Tech Portal. It’s worth a quick glance.