Guardian Media Group, one of the UK’s leading media organizations, is to launch an independent £42m venture capital fund.
GMG Ventures will invest in early stage businesses focused on developing the next generation of media technology. These assets will accelerate GMG’s strategy, or be adjacent and disruptive to the news sector.
It will consider investments in areas such as:
– Artificial intelligence and machine learning tools for journalism
– Advertising technology, including new formats and fraud detection
– Technology to enrich reader and customer experiences
– Payment technologies and other customer platforms
– Tools or platforms allowing readers to act on content that inspires them
– New forms of content distribution, via audio and voice platforms or virtual, mixed and augmented reality models
The Guardian’s existing investment in Founders Factory will also be managed by GMG Ventures.
GMG Chief Executive David Pemsel will chair GMG Ventures while Alan Hudson, who joined GMG as Chief Investment Officer in 2011, will become Managing Partner of GMG Ventures.
Jonathan Evans will take over the stewardship of GMG’s endowment fund as Head of Investments.
Startups interested in talking to GMG Ventures as a potential investor can contact: [email protected]
Guardian Media Group’s core business is Guardian News & Media (GNM), publisher of theguardian.com which, the Guardian newspaper six days a week and Sunday newspaper The Observer.