Ozy Media Raises $10 Million During Latest Round of Funding

CEO Carlos Watson says the company provides “a news source outside the echo chamber.”

Last Updated: January 25, 2017 @ 10:44 AM

Ozy Media has raised $10 million in its third round of funding, led by venture-capital firm GSV Capital, which brings the Silicon Valley startup’s total amount raised to $35 million.

The company will use these funds to invest in additional editorial staff that “discover and report on important cutting edge stories being told nowhere else,” according to the company. “Now more than ever before people are looking for a news source outside the echo chamber,” says CEO Carlos Watson.

Previous funders include Axel Springer, Emerson Collective, and some of Silicon Valley’s top angel investors. Ozy Media aims to create original content, “focused not simply on where the world is but, more importantly, where the world is going,” according to its website.

Ozy has expanded its editorial product and email newsletters delivering global coverage of politics, culture, sports, food, technology, to over 2 million people worldwide. The company also claims on its official site to have grown to 25 million monthly unique visitors.

“Ozy is ahead of the curve not just editorially but in our intention to be revenue diversified since day one,” Watson said. “We want to be everywhere our addicts are; online, on their TV and movie screens, and at live events worldwide.”