Mashable raises $15M

What does Mashable do?

Mashable, is the leading media company for the connected generation and voice of digital culture. The company reports on the importance of digital innovation and empowers and inspires the readers around the globe. This company records 45 million monthly visitors and 28 million social media followers as one of the most engaged and influential communities globally.

How much Mashable was funded?

Mashable raised $15M in Series C on March 31, 2016 from Updata Partners, Turner Broadcasting and Time Warner Investments.

Previous funding

• $14M in Series A on March 2, 2014 from You & Mr Jones Brandtech Ventures, Updata Partners, Grape Arbor VC, Social Starts, Elio Leoni-Sceti, New Markets Venture Partners, Michael Lazerow,  Tribune Digital Ventures and David JonesKass Lazerow.
• $17M in Series B on January 28, 2015 from You & Mr Jones Brandtech Ventures, Elio Leoni-Sceti, Time Warner Investments, Michael Lazerow,  Kass Lazerow,   Updata Partners and New Markets Venture Partners.

What is next for Mashable?

As a part of the deal, TNT and TBS of Turner, will work with this company to co-develop and distribute video content and team on cross-platform and sales package. Kevin Reiley, Chief Creative Officer for the Turner Entertainment will join the board of directors in the company. The company plans on using the funding raised for expanding its video production across all the platforms including linear TV, and to invest in data, technology and advertising platforms. The company’s partnership with Turner will let them both collaborate on programming, technology and advertising. Each of their collaboration will include new programming ideas development, franchises using Mashable Velocity, distributing Turner programing into this company’s digital audience and pitching joint advertising sales packages.

More about Mashable

The company was founded in 2005 by Pete Cashmore. It has its headquarters in New York, NY. This company is redefining digital storytelling.