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CorporateVentureCapital.com

Penske Media Corporation

Corporate venture profile

Parent Penske MediaHQ Los Angeles, United States

Penske Media Corporation is the corporate venture arm of Penske Media, an internet and media company. It is based in Los Angeles, United States. It invests from seed to growth. Sectors it names: media and gaming, consumer and retail.

Every figure links to its source

Snapshot

Investment stage: Seed to Growth
Data behind this graphic
Data behind this graphic
ItemValue
Stage rangeSeed to Growth
SectorsMedia and gaming, Consumer and retail
GeographyNorth America
OfficesLos Angeles, United States

Sources: S3 CB Insights: Penske Media portfolio investments; S1 Variety: PMC acquires ownership stake in Vox Media (Feb 2023).

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Investment stage: Seed to Growth

Sources: S3 CB Insights: Penske Media portfolio investments; S1 Variety: PMC acquires ownership stake in Vox Media (Feb 2023).

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Where it invests

Geography

Investment regionsS3S1

Key facts

FactValueStatusSource
Parent companyPenske MediaSingle sourceS1
Parent industryInternet and mediaSingle sourceS1
HeadquartersLos Angeles, United StatesReported by Wikipedia: Penske Media Corporation (headquarters)S4
Capital sourceParent company onlySingle sourceS1
StagesSeed, Growth (inferred from announced rounds)EstimateS3

History

  1. About USD 100M for roughly 20 percent stake (February)S1
  2. Participated in USD 2.6M seed (March)S3

Portfolio

Portfolio companies named in public sources: Vox Media, MOGL.S1

Shared portfolio with other corporate VCs

1 companies on the Penske Media Corporation portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

FirmSharedCompanies in common
Comcast Ventures1Vox Media

Companies backed by the most corporate VCs

Official pages

Read the firm's own pages for current information.

Sources

  1. S1Variety: PMC acquires ownership stake in Vox Media (Feb 2023)Press
  2. S2New York Times: Vox Media is raising USD 100M from Penske Media (6 Feb 2023)Press
  3. S3CB Insights: Penske Media portfolio investmentsThird-party report
  4. S4Wikipedia: Penske Media Corporation (headquarters)Third-party report

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by Penske Media Corporation or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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