{"id":383509,"date":"2020-11-17T17:13:25","date_gmt":"2020-11-17T22:13:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383509"},"modified":"2020-11-17T17:13:25","modified_gmt":"2020-11-17T22:13:25","slug":"maven-announces-successful-capital-raise-to-drive-growth-and-expansion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/","title":{"rendered":"Maven Announces Successful Capital Raise to Drive Growth and Expansion"},"content":{"rendered":"

<\/p>\n

Maven Announces Successful Capital Raise to Drive Growth and Expansion<\/b><\/p>\n

Raises $24 million after revamping management team and operations in late August<\/i><\/p>\n

Investment provides strong support for Company\u2019s new strategy<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\nMaven (OTC: MVEN), a technology platform company powering media brands, announced today that it has completed a $24 million round of financing led by new and existing investors. The Company, which owns or manages more than 250 media brands including Sports Illustrated media and TheStreet.com, plans to use the proceeds to expand the breadth and depth of the Company’s premium partnerships, reduce debt, and for general corporate purposes.\n<\/p>\n

\nThe company entered into securities purchase agreements in a series of private placements of shares of convertible preferred stock. The company\u2019s related 8K filings can be found here<\/a> and here<\/a>.\n<\/p>\n

\n\u201cThe investments in Maven are another validation of our business model, strategy, and leadership team,\u201d said Ross Levinsohn, who was named Maven CEO in late August. \u201cWe continue to expand our business, drive efficiencies and margin, and look for new opportunities in the market.\u201d\n<\/p>\n

\nNew investors include TCS Capital Management and Hunt Technology Ventures LP, with existing investors B. Riley Financial, Invenire Capital Partners and 180 Degree Capital participating.\n<\/p>\n

About Maven<\/b><\/p>\n

\nMaven (maven.io<\/a>) is a best-in-class technology platform empowering premium publishers who impact, inform, educate and entertain. Maven operates the media businesses for Sports Illustrated and TheStreet, and powers more than 250 brands including History, Maxim, Ski Magazine, and Biography. Maven is publicly traded under the ticker symbol MVEN.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201117006278\/en\/<\/a><\/span><\/p>\n

\nGreg Witter, press@maven.io<\/a><\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> Washington United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Social Media General Sports Search Engine Marketing Publishing Technology Marketing Advertising Communications General Entertainment Women Sports Men Entertainment Consumer Internet<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Maven Announces Successful Capital Raise to Drive Growth and Expansion Raises $24 million after revamping management team and operations in late August Investment provides strong support for Company\u2019s new strategy SEATTLE–(BUSINESS WIRE)– Maven (OTC: MVEN), a technology platform company powering media brands, announced today that it has completed a $24 million round of financing led by new and existing investors. The Company, which owns or manages more than 250 media brands including Sports Illustrated media and TheStreet.com, plans to use the proceeds to expand the breadth and depth of the Company’s premium partnerships, reduce debt, and for general corporate purposes. The company entered into securities purchase agreements in a series of private placements of shares of convertible preferred stock. The … <\/p>\n

Continue reading “Maven Announces Successful Capital Raise to Drive Growth and Expansion”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383509","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMaven Announces Successful Capital Raise to Drive Growth and Expansion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maven Announces Successful Capital Raise to Drive Growth and Expansion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Maven Announces Successful Capital Raise to Drive Growth and Expansion Raises $24 million after revamping management team and operations in late August Investment provides strong support for Company\u2019s new strategy SEATTLE–(BUSINESS WIRE)– Maven (OTC: MVEN), a technology platform company powering media brands, announced today that it has completed a $24 million round of financing led by new and existing investors. The Company, which owns or manages more than 250 media brands including Sports Illustrated media and TheStreet.com, plans to use the proceeds to expand the breadth and depth of the Company’s premium partnerships, reduce debt, and for general corporate purposes. The company entered into securities purchase agreements in a series of private placements of shares of convertible preferred stock. The … Continue reading "Maven Announces Successful Capital Raise to Drive Growth and Expansion"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T22:13:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Maven Announces Successful Capital Raise to Drive Growth and Expansion\",\"datePublished\":\"2020-11-17T22:13:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/\"},\"wordCount\":307,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/\",\"name\":\"Maven Announces Successful Capital Raise to Drive Growth and Expansion - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2020-11-17T22:13:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Maven Announces Successful Capital Raise to Drive Growth and Expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Maven Announces Successful Capital Raise to Drive Growth and Expansion - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/","og_locale":"en_US","og_type":"article","og_title":"Maven Announces Successful Capital Raise to Drive Growth and Expansion - Market Newsdesk","og_description":"Maven Announces Successful Capital Raise to Drive Growth and Expansion Raises $24 million after revamping management team and operations in late August Investment provides strong support for Company\u2019s new strategy SEATTLE–(BUSINESS WIRE)– Maven (OTC: MVEN), a technology platform company powering media brands, announced today that it has completed a $24 million round of financing led by new and existing investors. The Company, which owns or manages more than 250 media brands including Sports Illustrated media and TheStreet.com, plans to use the proceeds to expand the breadth and depth of the Company’s premium partnerships, reduce debt, and for general corporate purposes. The company entered into securities purchase agreements in a series of private placements of shares of convertible preferred stock. The … Continue reading \"Maven Announces Successful Capital Raise to Drive Growth and Expansion\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-17T22:13:25+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Maven Announces Successful Capital Raise to Drive Growth and Expansion","datePublished":"2020-11-17T22:13:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/"},"wordCount":307,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/","name":"Maven Announces Successful Capital Raise to Drive Growth and Expansion - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en","datePublished":"2020-11-17T22:13:25+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201117006278r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/maven-announces-successful-capital-raise-to-drive-growth-and-expansion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Maven Announces Successful Capital Raise to Drive Growth and Expansion"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/383509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=383509"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/383509\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=383509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=383509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=383509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}