Soldiers Fields Angels I fund has exited Mexican media company Now New Media for an undisclosed amount.
(AMEXCAP) Soldiers Field Angels I fund (SFA) exits its investment in Now New Media. This transaction constitutes a very successful exit for SFA. SFA originally invested in Now New Media in 2013 as the sole institutional investor with a minority stake to fuel the company with growth capital without affecting its editorial autonomy. On September 19th the company’s majority stake was acquired by SDP noticias.
Now New Media is a Mexico City based media company which reaches more than 90 million users a month with its group of media brands, including eldeforma, repsodia and techcult, delivering original and unique entertainment.
SDP noticias is the most read Mexican digital newspaper.
Soldiers Field Angels is a Venture Capital fund which seeks to fuel growth via smart investment of Harvard Business School alumni in Mexico. The fund seeks high impact investment in initial rounds. SFA´s mentorship network capitalizes years of experience and leadership which are applied to the investment portfolio, a true differentiator in the private equity industry in Mexico.