ContentNext Media, the parent company of our three sites— paidContent.org, MocoNews.net and ContentSutra—has received its first round of investment from Alan Patricof’s new venture firm Greycroft Partners. The amount is not being disclosed.
ContentNext also recently brought on former Details magazine president and publisher Jeff Stern as a director and COO.
Alan, as most of you know, has helped define the venture-capital industry in the U.S., having helped provide early stage financing for companies such as Apple, AOL, New York Magazine, Audible, Cellular Communications, NTL, Office Depot, Harman Intl. and more recently Zinio, Handmark and The Newsmarket. He is a co-founder of Apax Partners, a private investment firm he started in 1969 that has now evolved into one of the largest PE firms with more than $20 billion under management and advice….More details here.