Predict your next investment

Non-Profit Foundation
digitalnewsventures.org

See what CB Insights has to offer

Investments

4

Portfolio Exits

3

About Digital News Ventures

Digital News Ventures is a wholly-owned subsidiary of Media Development Loan Fund (MDLF), an impact investment fund for independent news businesses in the developing world.

Digital News Ventures Headquarter Location

37 West 20th Street Suite 801

New York, New York, 10011,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Digital News Ventures News

ElectNext Raises $1.3M To Provide Contextual Political Data To News Sites

Apr 2, 2013

Posted Rosetta Stone Buys Up Online Language Learning Community Livemocha For $8.5M In Cash If knowledge is a door to information, data is the key. When you’re talking about politics and government, information is extremely important to those who are making decisions on who to vote for and what legislation to get behind or block. Today, a company called ElectNext has raised a seed round of $1.3M led by Brooklyn Bridge Ventures along with other strategic investors like Liberty City Ventures, Comcast Ventures, Digital News Ventures, Gabriel Investments, The John S. and James L. Knight Foundation and Investor’s Circle. When I spoke with ElectNext’s founder and CEO, Keya Dannenbaum, she explained ElectNext as something similar to our own CrunchBase , providing widgets full of data for publications to embed: “We have a comprehensive underlying database (on politicians on our case as opposed to companies in the CrunchBase analogy) from which we create data-driven content that lives inside, and gives relevant context to, political news.” Dannenbaum knows politics, as she’s worked on 18 political campaigns, including Hillary Clinton’s. ElectNext’s product, which pulls together political data from multiple sources and packages them together for news sites to embed, is something that Dannenbaum thinks is important for both voters and journalists. Most political data is stored in formats that aren’t accessible online, so ElectNext is working with national and state open data sources like The Sunlight Foundation, GovTrack and Follow The Money as well as open data-friendly cities to convert all of it. One of the cities, my hometown of Philadelphia, is a close partner. Embedded profiles will start appearing today on PBS NewsHour, The Philadelphia Inquirer, NBC Politics and a few others. The six launch partners represent 15M monthly unique visitors, Dannenbaum tell us. That’s not a bad start. I talked to Dannenbaum about how her experience makes ElectNext unique and how important this information is to unlock for constituents: TC: What did you learn during your years working on campaigns that led you to working ElectNext? Dannenbaum: Through my campaign experience, first in the 2008 Presidential and then at the hyper-local level, I got to observe firsthand how sharply levels of political knowledge and participation decline from the national to the neighborhood levels. Yet it’s our local representatives who make most of the decisions that affect our daily lives. So we’re all checking out precisely where it matters most, and I wanted to change that. TC: How does data help shape political campaigns and inform voters? Dannenbaum: In the 2012 presidential election, the Obama campaign most clearly demonstrated the power of big data. Their operation consolidated several previously disparate databases of consumer and citizen information (purchase history, tax records), social data (your facebook friends, likes), contact information (home, email and IP addresses), and internal campaign data (donor database, field notes), and mashed that up with the voter file (your political party, vote history) to build an unprecedented micro targeting machine that could deliver personalized marketing messages to the right people via the right mediums at precisely the right times. ElectNext is looking to shift the paradigm and similarly harness the power of big data to empower citizens with relevant information on our politicians delivered in the precise moment we most need it. So what we do is consolidate several previously disparate databases, though in our case it is political data on them: campaign finance records, legislation, roll call votes, press releases/debates/other public speech, and we use that data to create simple profiles that describe who these guys and gals running our country really are. We know how they talk about issues vs. on what they actually spend their time legislating and how that compares to their sources of funding. And, best of all, we put those profiles directly in your news, do you can access it in the precise moment you’re already reading about a political person, or issue, you care about, when you need it most. TC: How do these investors, who seem strategic, help you reach your goals as a company other than the funding? Dannenbaum: We take a lot of care choosing who to work with and you’re right to notice that we have several media funds on board who absolutely bring more to the table than just funding. Our model hinges on publisher distribution, our backers can open those doors and advise from an insider’s perspective, and we’re so glad to roll up our sleeves together and work them as team members on the same side of the table. ——— ElectNext was a great resource during the last Presidential election , providing a wizard to match your political preferences to the right candidate. Matching up news articles with actual facts and historical data provides a really immersive experience for readers, who can then dig through the data to form their own opinions. Information should be free, and with companies like ElectNext, those old files, surveys and census data won’t stay locked up for long. With former U.S. Senator Bill Bradley and former Florida Governor Jeb Bush already interested in what the company is doing, I’d say that becoming the “CrunchBase for Politics” is pretty much a guarantee at this point. The company is currently accepting submissions for more publication partners. [Photo credit: Flickr and Flickr ] 0

Digital News Ventures Investments

4 Investments

Digital News Ventures has made 4 investments. Their latest investment was in Rock Content as part of their Seed VC on March 3, 2015.

CBI Logo

Digital News Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/30/2015

Seed VC

Rock Content

$1.85M

Yes

2

4/2/2013

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

2/12/2013

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

12/10/2012

Seed

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/30/2015

4/2/2013

2/12/2013

12/10/2012

Round

Seed VC

Seed VC - II

Seed VC

Seed

Company

Rock Content

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$1.85M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

10

10

10

Digital News Ventures Portfolio Exits

3 Portfolio Exits

Digital News Ventures has 3 portfolio exits. Their latest portfolio exit was Mic Media on November 29, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/29/2018

Acquired

$99M

3

1/31/2017

Acquired

Subscribe to see more

Subscribe to see more

10

3/3/2015

Acquired

Subscribe to see more

Subscribe to see more

10

Date

11/29/2018

1/31/2017

3/3/2015

Exit

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

10

10

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.