Open Road Integrated Media Raises $11 Million in Series C Funding
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New York, New York – Open Road Integrated Media, a digital publisher and multimedia content company has raised $11 million in series C funding led by NewSpring Capital and backed by Kohlberg Ventures, Azure Capital and Golden Seeds.
“As we continue to build Open Road into the premier digital publishing and marketing company, we welcome NewSpring Capital with all its experience in the digital space,” said Jane Friedman, Open Road’s cofounder and chief executive officer. “With their support and with the continued backing of existing investors Kohlberg Ventures, Azure Capital, and Golden Seeds, Open Road is the company that is looking to the future. It will become the model for the twenty-first century publishing and digital media company.”
As part of the funding deal, Mike DiPiano, managing general partner of NewSpring joins Open Road’s board of directors.
Funding Total: $11,000,000
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|Investors: NewSpring Capital, Kohlberg Ventures, Azure Capital Partners, Golden Seeds|