Nowadays, publishing platform Medium announced that it has brought in $57 million in new capital in a Sequence B led via new investor Andreessen Horowitz. That makes the full raised for Ev Williams’ Medium a hefty sum of $Eighty Two million.
From head of operations at Medium, Andy Doyle:
We Are pleased to announce that Medium lately raised $57 million in capital. The spherical was once led with the aid of new Accomplice Andreessen Horowitz with important participation from Google Ventures and Greylock Partners, who also led our Sequence A. We Are additionally fortunate to count Evident Ventures, The Chernin Workforce, and a variety of our Collection A angels as traders this spherical. And, of course, Ev, who founded Medium and is still our majority shareholder. This investment strengthens Medium for the foreseeable future and allows us to proceed, heads down, operating hard to totally understand our vision.
Doyle says the money will go to creating Medium “the dominant pipeline for connecting high quality content material and dialog,” which is pretty vast. Medium has toyed round with a number of fashions, including hiring its own journalists and beginning its own mini-publications. No top-tier publication has up and moved to Medium, though, but that could trade with everything new that’s happening within the house due to Fb and in all probability Google.
This isn’t Ev’s first rodeo in publishing, having offered Blogger, by means of Pyra Labs, to Google in 2003. It’s additionally any other large win for the #TwitterMafia, with Jack Dorsey rumored to be taking Sq. public with the aid of the top of the year.
The Company says that it will be protecting an Experience on October 7 to announce new Options and partnerships.