The Mark, a Canadian online daily news magazine, has closed its first financing round from a group of private investors.
The investment was led by Innovation Grade Capital, Thunder Road Capital, and Arlene Dickinson, CEO of Venture Communications.
The company will use the proceeds from the financing to fund growth.
Commenting on the funding, Jeff Anders, The Mark’s founder and chief executive officer, was quoted as saying: “We plan to add hundreds of new contributors, expand our multimedia offering, launch a French version, and sign revenue and content distribution partnerships.
“The news media landscape in Canada is being redrawn. The opportunities for growth are unlimited”.