Ozy Media Raises $35 Million to Expand in TV, Podcasts and Live Events

  • Variety
Ozy Media, the digital magazine and lifestyle outlet launched in 2013, has raised $35 million in a new round of financing to support the expansion of its TV production, live events and podcasting operations.

Marc Lasry, co-owner of the Milwaukee Bucks, led the series C funding round with participation from Interlock Partners, LionTree, Atinum Investment, iHeart Media and Tom Franco, Don Gogel and Roberto Quarta, partners in the private equity firm Clayton, Dubilier & Rice. Lasry has joined the board of Mountain View, Calif.-based Ozy Media, co-founded by former CNN host Carlos Watson and Samir Rao.

The latest investment brings the total financing raised to date by Ozy Media to more than $70 million. All of Ozy Media’s existing investors — including Gsv Capital, Axel Springer and Emerson Collective — returned for the new round.

“We are really proud that top-tier investors want to join us,” Watson told Variety.

Ozy Media has turned its
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