Hearst Ventures is a division of the Hearst Corporation, a diversified media and information company founded in 1887 and based in New York City. The company operates across various sectors, including publishing, television, and digital media. It publishes 15 daily and 36 weekly newspapers, and more than 300 magazines, such as Harper’s Bazaar and Cosmopolitan. Additionally, Hearst runs 30 television stations, reaching a significant portion of U.S. viewers, and has interests in prominent cable networks. Hearst Ventures focuses on strategic investments in companies that operate at the intersection of media, information, and technology, enhancing the company's ability to adapt to evolving market dynamics and consumer preferences. The division has a history of successful investments, beginning with notable ventures in the tech space, such as Netscape. Through these efforts, Hearst Ventures aims to support innovation and growth within the media landscape.
MotorTrend Group is the largest automotive media company in the world, incorporating a direct-to-consumer network, an extensive automotive digital operation, a massive social media presence, and a live event portfolio—all driven by industry-leading brands including MotorTrend, HOT ROD, and Roadkill. the group encompasses television’s No. 1 network for automotive superfans, a leading automotive YouTube Channel, and the MotorTrend App—our auto-dedicated subscription video-on-demand service.
iflix
Corporate Round in 2019
iflix is the world’s leading entertainment service for emerging markets, offering users unlimited access to thousands of TV shows, movies and more. With a vast selection everyone’s favourite comedies, drama, K-drama, Turkish drama, Bollywood, Nollywood, cartoons, movies and more from Hollywood, The UK, Asia, The Middle East and Africa, iflix places the entertainment people want at their fingertips to either stream or download. For one low monthly fee, iflix subscribers can watch on their mobile phone, laptop, tablet, TV… wherever, whenever.
iflix
Series C in 2017
iflix is the world’s leading entertainment service for emerging markets, offering users unlimited access to thousands of TV shows, movies and more. With a vast selection everyone’s favourite comedies, drama, K-drama, Turkish drama, Bollywood, Nollywood, cartoons, movies and more from Hollywood, The UK, Asia, The Middle East and Africa, iflix places the entertainment people want at their fingertips to either stream or download. For one low monthly fee, iflix subscribers can watch on their mobile phone, laptop, tablet, TV… wherever, whenever.
Kobalt
Series D in 2017
Kobalt is an independent music services company that provides alternatives to traditional music business models. It focuses on music publishing, label services, and neighboring rights divisions, offering innovative technology solutions aimed at enhancing efficiency and transparency in the music industry. By empowering artists, songwriters, publishers, and labels, Kobalt ensures that each stakeholder is compensated fairly and accurately, navigating the complexities of digital micropayments. The company serves over 8,000 artists and songwriters, managing approximately 600,000 songs and collaborating with more than 450 publishing companies. With a global workforce of over 275 employees, Kobalt delivers real-time reporting through its award-winning Kobalt Portal and offers a range of services, including global licensing management, royalty collection, creative services, and digital marketing. The company represents many prominent artists and songwriters, contributing significantly to the charts in both the US and UK.
Roku
Series H in 2015
Roku, Inc. operates a prominent TV streaming platform that enables users to access a wide variety of content, including movies, TV episodes, live sports, and music. The company has two main segments: Platform and Player. Roku's platform is designed to deliver an exceptional user experience through its proprietary operating system, Roku OS, which is integrated into its own streaming devices and licensed to other manufacturers for their televisions. As of 2023, Roku reached over 80 million streaming households, providing significant engagement with its services, including the Roku Channel, a free ad-supported platform offering both on-demand and live programming. In addition to streaming, Roku generates revenue through advertising products and the sale of its streaming media players, TVs, and accessories. The company markets its offerings through retailers, distributors, and directly to consumers in multiple countries, including the United States, Canada, the United Kingdom, and various Latin American nations. Founded in 2002 and headquartered in Los Gatos, California, Roku is recognized for its innovation in the streaming sector.
Roku
Series F in 2013
Roku, Inc. operates a prominent TV streaming platform that enables users to access a wide variety of content, including movies, TV episodes, live sports, and music. The company has two main segments: Platform and Player. Roku's platform is designed to deliver an exceptional user experience through its proprietary operating system, Roku OS, which is integrated into its own streaming devices and licensed to other manufacturers for their televisions. As of 2023, Roku reached over 80 million streaming households, providing significant engagement with its services, including the Roku Channel, a free ad-supported platform offering both on-demand and live programming. In addition to streaming, Roku generates revenue through advertising products and the sale of its streaming media players, TVs, and accessories. The company markets its offerings through retailers, distributors, and directly to consumers in multiple countries, including the United States, Canada, the United Kingdom, and various Latin American nations. Founded in 2002 and headquartered in Los Gatos, California, Roku is recognized for its innovation in the streaming sector.
Pandora Media
Series F in 2009
Pandora Media, LLC is a music and podcast discovery platform based in Oakland, California, serving approximately 70 million users each month. Founded in 2000, Pandora utilizes its proprietary Music Genome Project and Podcast Genome Project technologies to deliver personalized music streaming services. Unlike traditional radio, which broadcasts the same content to all listeners, Pandora allows users to create customized stations and playlists, as well as search for and play songs on demand. The platform is accessible via mobile devices, web applications, and approximately 2,000 connected products in homes and vehicles. Pandora generates revenue through an ad-supported radio service, a subscription service called Pandora Plus, and an on-demand service known as Pandora Premium. By leveraging extensive listener data, Pandora enables targeted advertising for both local and national advertisers while providing artists with valuable insights to connect with their audience.
Pandora Media
Series E in 2009
Pandora Media, LLC is a music and podcast discovery platform based in Oakland, California, serving approximately 70 million users each month. Founded in 2000, Pandora utilizes its proprietary Music Genome Project and Podcast Genome Project technologies to deliver personalized music streaming services. Unlike traditional radio, which broadcasts the same content to all listeners, Pandora allows users to create customized stations and playlists, as well as search for and play songs on demand. The platform is accessible via mobile devices, web applications, and approximately 2,000 connected products in homes and vehicles. Pandora generates revenue through an ad-supported radio service, a subscription service called Pandora Plus, and an on-demand service known as Pandora Premium. By leveraging extensive listener data, Pandora enables targeted advertising for both local and national advertisers while providing artists with valuable insights to connect with their audience.
Pandora Media
Series D in 2006
Pandora Media, LLC is a music and podcast discovery platform based in Oakland, California, serving approximately 70 million users each month. Founded in 2000, Pandora utilizes its proprietary Music Genome Project and Podcast Genome Project technologies to deliver personalized music streaming services. Unlike traditional radio, which broadcasts the same content to all listeners, Pandora allows users to create customized stations and playlists, as well as search for and play songs on demand. The platform is accessible via mobile devices, web applications, and approximately 2,000 connected products in homes and vehicles. Pandora generates revenue through an ad-supported radio service, a subscription service called Pandora Plus, and an on-demand service known as Pandora Premium. By leveraging extensive listener data, Pandora enables targeted advertising for both local and national advertisers while providing artists with valuable insights to connect with their audience.
Sirius XM Radio
Debt Financing in 2002
Sirius XM Radio Inc. is a leading satellite radio broadcasting company that provides a wide range of audio entertainment services across the United States and Canada. Founded in 1988 and headquartered in Washington, D.C., the company offers over 150 channels of commercial-free music, live sports, news, talk shows, comedy, and entertainment. Subscribers can access content through various platforms, including vehicles, computers, smartphones, and other connected devices. Sirius XM's programming includes exclusive content featuring popular personalities and a diverse array of genres, catering to different listener preferences. The company has established partnerships with major automakers for the installation of satellite radio in vehicles and has expanded its services to include on-demand programming through SiriusXM On Demand. As a significant player in the subscription media landscape, Sirius XM continues to enhance its offerings, including its acquisition of the streaming platform Pandora, which complements its extensive audio content library.
Broadcast.com
Venture Round in 1998
Broadcast.com was an Internet radio company established in 1995, known for its streaming media services. It specialized in delivering live and on-demand audio and video programming over the internet, providing a diverse array of content that included sports, talk and music radio, television programming, business events, news, commentary, and full-length audio books. The company gained significant attention during the Dot-com Bubble and was sold to Yahoo! in 1999 for over $5 billion, marking a notable moment in the evolution of online media.
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