Investing in young digital media with impact
MDIF Ventures offers equity investment toyoung and growing media companies with a positive social impact and potential to scale. It focuses on projects located or serving audiences in countries where access to free and independent news and information is under threat.
MDIF Ventures has so far invested approximately $1 million in 9 early-stage companies in 7 countries, including Nigeria, Pakistan and Colombia.
Key features
- Invests in countries where free and independent news and information is under threat, and exceptionally in global projects benefitting audiences in those countries
- Invests in projects addressing accountability, strengthening debate or reducing information poverty
- Targets companies along the early-stage spectrum, from pre-seed (“friends and family” / angel) to growth / Series A rounds
- May choose to make follow-on investments in existing investees
- Builds on the successes of Digital News Ventures, which invested $3.8 million in early-stage media 2012-15, the South Africa Media Innovation Program (SAMIP) and Amplify Asia
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