Week in review: Vox media ventures into radio, Thrive Capital raises $700 million and more

by Wellesley Daniels
July 21, 2016

SB Nation heads to radio

The story:

Vox Media Inc. announced a partnership with Gow Media LLC to put SB Nation on the radio

Why it matters:

This is the first Vox brand to enter into radio. Vox is one of the bigger names in online-native news, suggesting radio and other audio content might be a medium on the rise in the transforming media landscape. [NiemanLab]

 

Kushner fund welcomes whopping $700 million

The story:

Venture fund Thrive Capital closed its fifth fund with $700 million

Where it's going:

The fund’s investment team reps say the new capital will go towards funding early stage companies, with bets here and there on later-stage growth investments. [Forbes]

 

Bloomberg targets young startups

The story:

Bloomberg Beta raised $75 million to close out its second fund.

Where it’s not going:

To any fintech startups, so as to avoid conflicts with parent fund Bloomberg LP. For everybody else, note that first checks typically range between $500,000 and $1 million. [Fortune]

 

Fundings of the week

CommonBond, $300 million

Investors: Neuberger Berman Private Equity, August Capital, Tribeca Venture Partners, Social Capital, Nyca Partners and Victory Park Capital.

CommonBond is a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors. [Built In NYC]

Sprinklr, $105 million

Investors: Temasek, Wellington Management Company LLP and EDBI, the corporate investment arm of the Singapore Economic Development Board.

The most complete enterprise social technology in the world, enabling more than 1000+ global brands. [Built In NYC]

 

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