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]
