Mediacast Holdings said Aug. 9 that raised a second round of capital. Financial terms weren’t announced. Investors include senior executives from large media companies, private equity pioneers and fund managers. Mediacast Holdings, of Denver, owns equity in and manages a portfolio of consumer facing businesses.
DENVER (PRWEB) AUGUST 09, 2019
Mediacast Holdings (http://www.mediacastholdings.com) announced today that it has closed its second round of capital. The investors were handpicked by the team and represent an active group of senior executives from large media companies, private equity pioneers and fund managers, as well as one of the most successful entertainment industry entrepreneurs and investors.
“Because of the pedigree of the investors in this round, it feels like everything we have built at Mediacast just got a big seal of approval and a huge shot in the arm. Most exciting is we not only closed strategic growth capital for the platform we were able to hand select equity in high profile growth companies and add those to the portfolio at cost and include those in the round in addition to the cash. We believe we are already way up in value on those companies.”
Ken Venturi, CEO Mediacast Holdings
Mediacast Holdings will be announcing 4 growth stage companies it is added to its platform over the next 30 days. In addition, Mediacast will be announcing strategic partnerships that will substantially scale the platform in preparation for the kick-off a large round of funding in September.
“We have known Ken for more than 10 years, personally and professionally. As a Holding Company, not a traditional private equity deal, Mediacast gave us complete visibility into what deals were in the portfolio and those projected to be added. Unlike Mediacast, there are few opportunities to directly invest additional capital in the portfolio companies in traditional venture investing. We have heard time and again that Family Offices and private investors don’t want to pay 6 years of fees anymore and hoping a fund will hit one out of the park and have migrated toward more direct investments. Mediacast investors get both the platform and can directly invest in the deals. I have been so impressed I joined the team full time as well as my good friend, a successful entrepreneur, investing in and becoming active to help grow Mediacast and guide its larger round of capital.” Billy Glynn, Chief Strategy Officer Mediacast
About Mediacast Holdings
Mediacast Holdings owns equity in and actively manages a portfolio of consumer facing businesses. Mediacast also creates and helps manage Venture Programs for family offices and Corporate Ventures Programs for businesses focused on Media, Advertising, Retail and Consumer Goods and Services. The Mediacast team has been involved in over $4 billion dollars of transactions and value creation.