SAY Media Raises $27 Million
SAY Media is a digital publishing company that has raised $27 million in funding. SAY Media is the parent company of brands like ReadWriteWeb and Remodelista. SAY Media plans to use the funding to acquire more brands and expand their platform.
This round of funding was led by New Enterprise Associates, Shea Ventures, and Correlation Ventures. Previous investors also participated in this round.
“The intersection of Madison Avenue and Silicon Valley is really where we see the future of media and we are well-positioned to lead the publishing industry into a digital world,” stated SAY Media CEO Matt Sanchez.
SAY Media now has six properties and partnerships with 13 others. They reach a global audience of around 400 million. This is SAY Media’s first round of funding.
Before that SAY used to be two separate companies known as VideoEgg and Six Apart. As two separate companies, they raised a total of $79 million.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry