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Nordstar company logo
Venture Capital
nordstar.com

Investments

24

About Nordstar

Nordstar partners with transformational growth companies seeking strategic and operational expertise, advice, and capital.

Headquarters Location

3rd Floor, Paternoster House 65 St Paul’s Churchyard

London, England, EC4M 8AB,

United Kingdom

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Latest Nordstar News

Toronto Star owner cutting 600 jobs at regional papers, seeking bankruptcy protection for unit

Sep 15, 2023

Nordstar, the company that owns the Toronto Star and other newspapers, announced Friday that it is seeking bankruptcy protection for the unit that owns more than 70 local newspapers and axing more than 600 jobs in the process. Social Sharing The Canadian Press · Posted: Sep 15, 2023 1:14 PM EDT | Last Updated: 16 minutes ago The corporate parent of the Toronto Star is putting its regional newspaper business into bankruptcy protection and axing about 600 jobs in the process. The Toronto Star itself is not part of the proceedings. (Andrew Lahodynskyj/Canadian Press) Nordstar, the company that owns the Toronto Star and other newspapers, announced Friday that it is seeking bankruptcy protection for the unit that owns more than 70 local newspapers and axing more than 600 jobs in the process. Nordstar says it is putting its Metroland Media Group division into creditor protection under the Bankruptcy and Insolvency Act as part of a restructuring plan. The Metroland business owns dozens of community newspapers delivered alongside advertising flyers. Nordstar says it is getting out of the flyer business entirely and converting the newspapers to a digital-only format. The move will mean the loss of 605 jobs or about 60 per cent of its total workforce. Metroland says the decision is a result of unsustainable financial losses stemming from the changing preferences of consumers and advertisers. Meanwhile, the company's six daily newspapers, including the Hamilton Spectator, Peterborough Examiner, St. Catharines Standard, Niagara Falls Review, Welland Tribune and the Waterloo Region Record, will continue both in print and online. The Toronto Star is not part of the restructuring.

Nordstar Investments

24 Investments

Nordstar has made 24 investments. Their latest investment was in BOND as part of their Pre-Seed on June 6, 2023.

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Nordstar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/6/2023

Pre-Seed

BOND

$2M

Yes

1

5/17/2023

Series A

Forest

$10.93M

No

3

4/19/2023

Series B

Fintech Farm

Yes

2

11/15/2022

Seed VC

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$99M

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10

10/7/2022

Pre-Seed

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$99M

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10

Date

6/6/2023

5/17/2023

4/19/2023

11/15/2022

10/7/2022

Round

Pre-Seed

Series A

Series B

Seed VC

Pre-Seed

Company

BOND

Forest

Fintech Farm

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Subscribe to see more

Amount

$2M

$10.93M

$99M

$99M

New?

Yes

No

Yes

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Subscribe to see more

Co-Investors

Sources

1

3

2

10

10

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