Woven Digital, a publisher of pop culture news and entertainment sites which include UPROXX and BroBible, announced Thursday that it has raised $18 million in Series A financing led by Institutional Venture Partners (IVP).
Also participating are Advancit Capital, The San Francisco 49ers, United Talent Agency, senior partners from leading entertainment law firm Ziffren Brittenhanm LLP, MySpace and SGN co-founder Chris DeWolfe, Buddy Media co-founder Mike Lazerow, and former NBA players Baron Davis and Jermaine O’Neal. IVP Principal Somesh Dash will join Woven’s board of directors.
Canva Raises $3.6 Million in Funding
E-Commerce Site Farfetch Raises $66M, Wow!
Axon Invests in iYogi’s $28 Million Capital Raise
Swagbucks Appoints Chuck Davis as CEO, Raises $60 Million
Darby Smart Raises $6.3 Million in Series A Financing
Forkforce Social Network Gets Seed Funding
Buzzoola Raises $2 Million in Seed Funding
Fingerprint Secures $10.85M Series B Financing
Course Hero Secures $15 Million in Series A Funding
Business Plan of RMN Company for Investors
Maxwell Health Raises $26.4 Million Series B Round of Funding
“IVP is incredibly well regarded for their support of entrepreneurs and their track record of working with innovative technology and media companies,” said Scott Grimes, co-founder and CEO of Woven. “We couldn’t be more excited to partner with IVP and Somesh in particular. He brings a wealth of experience, strategic perspective, and relationships to our company.”
The capital will be used to bolster Woven’s ad sales team, increase editorial content production, accelerate development of its technology, and expand Woven Studios, the company’s original video production arm.