Media startups raise $33M in 60 deals in 2013, an increase of 117% in funding over the previous year and 30% in the number of deals.
Staged funding
Although traditionally most rounds have gone to seed capital companies, in recent years several startups have raised large rounds.
"In Spain, too, there are rounds in seed capital companies. Dada Companya company dedicated to the creation of audiovisual content for children, closed its first round of financing for €1000k on 4 February. The round was led by DARUAN Venture Capital SCR, a private investment company of the entrepreneur David Ruiz de Andrés, and has several mentors and investors from Seedrocket such as Miguel Arias (IMASTE), Marcos Alves (eltenedor.es) or Diego Soro" comments Diego Gutierrez, expert in alternative financing of the group. Abra Invest.
"In Spain, well-known investors such as Jesus Encinar While they believe that content tends to be worth zero, North American venture capitalists have increased their investment in content-generating startups, albeit those that are able to scale through mobility and social networks," compares Diego Gutierrez.
Funding by size
The size of the rounds has also been on the rise. Companies such as Refinery29 and Vox Media have been at the centre of these trends.
Refinery29 , the most famous fashion and style website in the USA, received in October 2013, its fourth financing round led by Stripes Group, worth $20M .
Vox Media, an online sports, technology and gaming magazine, received its fifth round of funding in December 2013 from Accel Partners and Comcast Ventures.
Exits
Although there have been operations M&A in the sector, such as that carried out by Huffington Post, There have not yet been many departures.
Huffington Post, one of the world's leading online news sites with more than 3,000 bloggers on a wide range of topics, bought Localocracy in 2011.
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