Woven Digital is going good with its investment rounds and has already attracted investments worth $23.5 Million in just two rounds of investments.
This investment has come from seven investors including Institutional Venture Partner, Advancit Capital, United Talent Agency and more. With the boom that this industry is witnessing, this investment will come quite handy for Woven Digital and they can invest more in infrastructure and technology.
Woven Digital is becoming a good brand in the digital media industry. This company is in production and distribution of the pop-culture content to almost 5 million users every day.
The service has been going good with the audience and reaches out to almost 90 million users each month and provides them with entertainment, live reporting and breaking news.
Founded in 2010, Woven is owner to various sites that it has bought through acquisitions and formed ad partnerships.It has reached a good level of scale and growth in a relatively less time period. As the modern generation is well informed and likes pop culture, Woven’s future look quite promising.
Some other areas where the investment is going to be utilized include increasing the sales team, improving the video production capabilities and hiring of reputed editorials.