Media Development Investment Fund is a not-for-profit venture capital firm based in New York City, established in 1995. The organization focuses on providing debt and equity financing to independent media businesses in regions with a history of media oppression. By offering affordable financing and technical assistance, it aims to help independent news outlets develop sustainable operations centered on quality news and information. Since its inception, the fund has disbursed over $325.5 million in financing, encompassing loans, equity investments, and technical assistance. It has supported 154 clients across 48 countries, and by the end of December 2024, it managed a portfolio valued at $118.4 million, allocated among 65 media enterprises in 36 countries.
Hashtag Our Stories is a social-first, video publisher, focused on stories about local solutions to global problems. Traditional news media lacks diversity, has a bias for negativity and is missing the big trends. The company saw a different way of telling stories through empowering mobile storytelling in every language.
Zitamar News
Venture Round in 2021
Zitamar News is an English language investigative news website and newsletter.
Petit Press
Venture Round in 2021
Petit Press is a prominent publishing agency based in Bratislava, Slovakia, known for its extensive portfolio of multimedia products and services. The company publishes over 30 central and regional periodicals, achieving a weekly sales volume exceeding 545,000 copies. In addition to its print offerings, Petit Press operates SME.sk, the country's most visited news portal, attracting nearly 2.3 million visitors each month. Through its diverse range of printed and digital media, Petit Press delivers timely news and information to its audience, reinforcing its significant presence in the Slovak media landscape.
Red Accion
Seed Round in 2019
Red Accion is a digital media outlet covering social issues, focuses on solutions journalism and gives importance to citizen participation.
Daily Maverick
Grant in 2018
Daily Maverick is an online newspaper based in Johannesburg, South Africa, that was launched in 2009. It provides a comprehensive mix of news, analysis, and opinion pieces across various sections, including Africa, South Africa, world news, business, life, and sports. The publication aims to inform its audience through a blend of informative content and advertisements, focusing on topics such as business, investing, technology, and leadership. Daily Maverick has established itself as a platform for thoughtful journalism, catering to readers interested in in-depth analysis and diverse perspectives.
Katadata
Venture Round in 2018
KATADATA is an online media company and research in economics and business. Established on April 1, 2012 in Jakarta, the company presents news, information, data, and research results in depth to the interests of business leaders and policy makers, but packaged in a straightforward and attractive way for easy public understanding. Therefore, news and information not only presented in the form of text, but also in a visually compelling display. In other words, they are trying to simplify complicated matters, without losing their essence. "Simplicity is the Ultimate Sophistication," as Leonardo da Vinci put it, which we make the company's motto. The Katadata team consists of experienced journalists and researchers in the fields of energy, finance, macroeconomics, commerce and infrastructure.
Mail & Guardian
Acquisition in 2017
Mail & Guardian is an online newspaper that provides the latest local and international news. It offers news in the categories of opinion, arts and culture, business, politics, special reports, sci-tech, education, and more. Mail & Guardian was founded in 1994 and is based in Johannesburg, South Africa. Its editor is Chris Roper.
Suara
Seed Round in 2017
Suara operates an online media platform that serves as a news portal, delivering the latest information across various topics including political events, business, law, football, entertainment, lifestyle, automotive, science, and technology. Targeting millennials, Suara emphasizes local political news and aims to keep its audience informed with timely updates relevant to their daily lives. The platform caters to citizen journalists, fostering a community that engages with current events and issues.
Katadata
Venture Round in 2017
KATADATA is an online media company and research in economics and business. Established on April 1, 2012 in Jakarta, the company presents news, information, data, and research results in depth to the interests of business leaders and policy makers, but packaged in a straightforward and attractive way for easy public understanding. Therefore, news and information not only presented in the form of text, but also in a visually compelling display. In other words, they are trying to simplify complicated matters, without losing their essence. "Simplicity is the Ultimate Sophistication," as Leonardo da Vinci put it, which we make the company's motto. The Katadata team consists of experienced journalists and researchers in the fields of energy, finance, macroeconomics, commerce and infrastructure.
Rappler
Venture Round in 2016
Rappler, Inc. is a social news network based in Pasig, Philippines, founded in 2012. The platform aims to inspire community engagement and drive social change by publishing impactful news stories. It combines journalism with technology, fostering a space for discussions and collaboration among its audience. A notable feature of Rappler is its "mood meter," which analyzes reader reactions to content, allowing for a deeper understanding of public sentiment on various issues. As a subsidiary of The Adobo Chronicles, Rappler is committed to providing uncompromised journalism that encourages informed conversations and promotes a desire for change within the community.
El Meme
Seed Round in 2014
El Meme is a news and entertainment outlet based in Argentina, established in 2014. The platform focuses on identifying and monitoring trends to provide insights into global events and their relevance to its audience. It boasts a vibrant community of over 10,000 digital creatives, including writers, filmmakers, and communication professionals. Each month, El Meme reaches an audience of more than 30 million young millennials across the United States, Mexico, Colombia, Chile, and Argentina. The company specializes in digital content production, offering services such as content marketing and native advertising, along with targeted audience distribution through programmatic buying and social media strategies.
Scroll
Seed Round in 2014
Scroll is an independent news venture firm that offers services for journalists. They offer a newsfeed that brings into sharp focus the most important political and cultural stories that are shaping contemporary India. Scroll Media was founded in 2009 and headquartered in Cambridge, Massachusetts.
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