Adventure Network Roam Lands $2.1 Million Funding From Jeffrey Katzenberg’s WndrCo and Others

Roam, a new digital media company that focuses on outdoor adventure, has just raised $2.1 million dollars from some serious investors, including Jeffrey Katzenberg’s WndrCo. The round also included participation from Advancit Capital, SUSA, TackV…

Roam, a new digital media company that focuses on outdoor adventure, has just raised $2.1 million dollars from some serious investors, including Jeffrey Katzenberg’s WndrCo. The round also included participation from Advancit Capital, SUSA, TackVC and Imagination Capital.

Self-described as a “next generation adventure network,” Roam recruits adventures from around the world to create content for original mini-docs and episodic series that live across multiple social platforms.

In under two years, the company has racked up a following of more than 1.6 million who have consumed more than 120,000 hours of videos on Facebook and Instagram. The company’s work has attracted sponsorship support from blue chip brands including Coors Light, DJI, Land Rover, National Geographic and Discovery Channel.

In addition to its video content, Roam has been growing its ecommerce offering and recently sold out a special edition James Brand pocket knife and a Pela bio-compostable phone almost immediately, according to the company.

The new funding will be divided between original content and expanding ROAM’s in-house team, the company said.

“Roam’s capital-efficient content leverages star-based curated and user-generated content from fans who want to be part of Roam’s huge reach and increasing number of original shows created and edited by members of the Roam editorial team,” Christopher Jerard, founder and CEO of Roam, said in a statement. “Explorers both contribute stories from the field and amplify Roam every day with social shares. Our team’s deep understanding of youth-leaning content and cutting-edge data science has enabled Roam to grow rapidly across multiple social media platforms.”

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Drake, Jeffrey Katzenberg’s WndrCo Invest in Esports Startup ‘100 Thieves’

Drake, Scooter Braun, Sequoia Capital, Jeffrey Katzenberg’s WndrCo highlighted a group of investors who were part of 100 Thieves’ Series A round, the company announced on Monday. The company did not specify the exact total from the Series A…

Drake, Scooter Braun, Sequoia Capital, Jeffrey Katzenberg’s WndrCo highlighted a group of investors who were part of 100 Thieves’ Series A round, the company announced on Monday. The company did not specify the exact total from the Series A, but said that it has raised over $25 million to date.

Other investors include Salesforce CEO Marc Benioff, Tao Capital, Green Bay Ventures, and Advancit Capital.

Drake and Braun co-led the round and will join founder and professional gamer Matthew “Nadeshot” Haag and Cleveland Cavaliers owner Dan Gilbert as 100 Thieves co-owners.

“I’ve spent my 10-year career in esports growing the ecosystem and am proud to have Drake and Scooter join as my partners to help take 100 Thieves to new heights,” said Haag, the former Call of Duty world champion & CEO of 100 Thieves. “Our top priority is to win world championships, but our ambitions go far beyond competitive gaming,”

Drake and Braun will act as strategic advisors for the company. Braun has also joined the company’s board of directors.

“With Matt’s experience, talent, and vision as a professional gamer he and his team have built one of the most authentic brands in the ever-evolving gaming space,” Braun said. “We are honored to join the 100 Thieves family during this exciting phase of their professional journey.  I personally could not be more thrilled for 100 Thieves. This is just the beginning.”

The funding comes at a time when esports is breaking into the mainstream. In addition to events being broadcasted on television stations like TBS, large esports competitions garner massive viewership across the world. For example, in 2017, a “League of Legends” competition had a record-breaking 364 million unique viewers during the mid-season invitational. Compare that to Super Bowl LI, which had just 111.3 million viewers.

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Jeffrey Katzenberg’s WndrCo Raises $1 Billion for Mobile Content Platform

Jeffrey Katzenberg’s tech startup WndrCo has completed a billion-dollar capital raise for the mobile-first content platform that it announced earlier this year.
Currently titled “NewTV,” the platform counts every major Hollywood studi…

Jeffrey Katzenberg’s tech startup WndrCo has completed a billion-dollar capital raise for the mobile-first content platform that it announced earlier this year.

Currently titled “NewTV,” the platform counts every major Hollywood studio as an investor, as well as tech giant Alibaba, the company said Tuesday.

“It is exciting to see Hollywood embracing this new technology distribution platform built for the way we watch today,” Katzenberg said in a statement.

“With NewTV, we’ll give consumers a user-friendly platform, built for mobile, that delivers the best stories, created by the world’s top talent, allowing users to make the most of every moment of their day,” added NewTV CEO Meg Whitman, former head of Hewlett Packard Enterprise and onetime California gubernatorial candidate.

Studio investors include Disney, Entertainment One, Fox, ITV, Lionsgate, MGM, NBCUniversal, Sony Pictures Entertainment, Viacom and Warner Media. The series round was led by strategic investors The Goldman Sachs Group, JPMorgan Chase & Co., Liberty Global and Madrone Capital.

Reports last fall said Katzenberg was seeking around $2 billion for his first financing round, as analysts marveled at his ability to secure facetime with leading content and distribution companies all seeking to build or acquire similar platforms.

Disney CEO Bob Iger, whose monolith is currently developing an OTT streaming service, said Tuesday he was “pleased to be part of this promising venture that will serve audiences with high-quality, short-form content designed especially for mobile viewing.”

No slate titles or talent deals were immediately announced.

Whitman joined the NewTV venture in January, stepping down from her duties as CEO at HPE. She remains on that board, and also holds board seats with Dropbox, Proctor & Gamble, Teach For America and The Nature Conservancy.

Katzenberg is a longtime Hollywood C-suite figure, having served as chairman at Disney, then founding DreamWorks where he headed the animation operation.

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Jeffrey Katzenberg’s ‘NewTV’ Startup Closes $1 Billion, All Major Studios Among Investors

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Jeffrey Katzenberg says he feels like he’s in his 20s again — starting a brand-new venture, WndrCo, built around media and technology. The co-founder and former CEO of DreamWorks Animation, speaking at an event Thursday in New York hosted by Hearst, said it’s actually the sixth time he’s started over in his career, citing his... Read more »

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Veteran Hollywood mogul Jeffrey Katzenberg has raised $591.5 million for a new company, WndrCo, according to a Thursday SEC filing.

Katzenberg is listed as an executive officer and director for the company, joining DreamWorks Animation president Ann Daly and former Dropbox CFO Sujay Jaswa. WndrCo did not disclose its investors, but put its minimum investment at $25 million.

Katzenberg left DreamWorks after selling the animation studio to Comcast Corp’s NBCUniversal for $3.8 billion in April, picking up a $391 million payday in the process. He transitioned to a role as chairman of DreamWorks New Media, overseeing the studio’s digital properties, including multi-channel network Awesomeness TV. Katzenberg will also serve as a consultant to NBCUniversal.

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The veteran movie executive was the chairman of Walt Disney Studios between 1984 and 1994, a period in which the Mouse House cranked out mega-hits like “The Little Mermaid,” “Aladdin” and “The Lion King.” Katzenberg left Disney after clashing with then-CEO Michael Eisner, co-founding DreamWorks SKG in 1994 with Steven Spielberg and David Geffen.

DreamWorks, which is behind some of the biggest animated movies of all-time with the “Shrek” and “Kung Fu Panda” franchises, spun off its animation branch in 2004. That was the entity acquired by Comcast this spring, freeing Katzenberg to pursue new things. One of which, apparently, is WndrCo.

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Veteran Hollywood mogul Jeffrey Katzenberg has raised $591.5 million for a new company, WndrCo, according to a Thursday SEC filing.

Katzenberg is listed as an executive officer and director for the company, joining DreamWorks Animation president Ann Daly and former Dropbox CFO Sujay Jaswa. WndrCo did not disclose its investors, but put its minimum investment at $25 million.

Katzenberg left DreamWorks after selling the animation studio to Comcast Corp’s NBCUniversal for $3.8 billion in April, picking up a $391 million payday in the process. He transitioned to a role as chairman of DreamWorks New Media, overseeing the studio’s digital properties, including multi-channel network Awesomeness TV. Katzenberg will also serve as a consultant to NBCUniversal.

The veteran movie executive was the chairman of Walt Disney Studios between 1984 and 1994, a period in which the Mouse House cranked out mega-hits like “The Little Mermaid,” “Aladdin” and “The Lion King.” Katzenberg left Disney after clashing with then-CEO Michael Eisner, co-founding DreamWorks SKG in 1994 with Steven Spielberg and David Geffen.

DreamWorks, which is behind some of the biggest animated movies of all-time with the “Shrek” and “Kung Fu Panda” franchises, spun off its animation branch in 2004. That was the entity acquired by Comcast this spring, freeing Katzenberg to pursue new things. One of which, apparently, is WndrCo.

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Jeffrey Katzenberg’s WndrCo Investment Venture Raises $591.5 Million

Jeffrey Katzenberg, after exiting DreamWorks Animation following Comcast’s acquisition of the studio, has raised nearly $600 million for his next act: a digital media and technology investment firm called WndrCo. The Beverly Hills firm has raised $591.5 million, according to a filing Thursday with the SEC. Katzenberg’s title at WndrCo as listed on the SEC form is… Read more »

Jeffrey Katzenberg, after exiting DreamWorks Animation following Comcast’s acquisition of the studio, has raised nearly $600 million for his next act: a digital media and technology investment firm called WndrCo. The Beverly Hills firm has raised $591.5 million, according to a filing Thursday with the SEC. Katzenberg’s title at WndrCo as listed on the SEC form is... Read more »