Federated Media Publishing Inc.: Financing News: FM Gains a New Partner: The crew of at FM has closed a round of financing. As a result of this, they wrote all of us authors huge checks.
That’s a lie, of course, but it makes me feel better to write it.
I’m very pleased to announce that 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.
