Privcap Raises $1.3M to Fund Expansion
New funding will help the digital media company expand staff, launch conference and events business
By: Privcap Media
The financing round, Privcap’s second, drew $1.3 million from institutional and individual investors. Since its launch in September 2011, Privcap has raised a total of $1.8 million.
“We are pleased to receive continued support and confidence from our investors and excited to continue building a premier channel for thought leadership in a market hungry for intelligent commentary and transparency,”
“Our ambition is to build a powerful platform showcasing people and ideas critical to success in investing,” said Gill Torren, President and Co-founder of Privcap. “We are off to a good start, with nearly 100 percent revenue growth year over year. We are excited about the opportunity to continue building our audience and business.”
Privcap will use the new funds to expand its editorial and sales team as well as develop a series of industry events. The company recently completed the construction of a studio in Midtown Manhattan, where it will produce video programs for its global audience as well as customized media assets for clients.
Every week, Privcap Media offers new video programs and digital publications via two online channels: Privcap.com (private equity) and PrivcapRE (private real estate). These editorial programs offer sponsorship opportunities and are available at tiered subscription levels, from free to premium to enterprise-wide license.
Privcap is best-known for its “talk-show”
On December 11, Privcap will host its first industry event, Energy Game Change, in Houston, bringing together institutional investors, investment managers and energy executives to discuss the transformed North American energy opportunity. Confirmed speakers include: former CIA director James Woolsey, Mexico’s Commissioner of the National Hydrocarbons Commission Dr. Guillermo Dominguez, Robert Edwards, managing director of NGP Energy Capital, Michael McMahon, managing director of Pine Brook and James Hofmeister, former president of Shell Oil.
Privcap’s lead investors include private equity firm Noson Lawen Partners, which specializes in the media industry, and a group of individuals with significant experience in alternative investments.
Privcap is a digital media company that produces thought-leadership content for the global private capital market, as well as offers digital communications services to market participants. Since its launch in September 2011, Privcap has produced dozens of focused reports and roughly 700 video programs – mostly in-depth interviews and panel discussions with private investment experts. Privcap’s audience has grown to roughly 9,000 unique visitors per month, a mix of institutional limited partners, general partners, HNW investors and service providers. Privcap is based in New York City and has its own video studio as well as editorial and production staff.