Blavity founders Morgan DeBaun, Aaron Samuels, Jonathan Jackson and Jeff Nelson have raised $6.5 million Series A round that will help the digital lifestyle media company expand operations into a new office that will likely be based in Atlanta and reportedly triple the size of its engineering team.
In an interview with TechCrunch, DeBaun said of the investment, “There’s just a lot going on where it’s important now more than ever that Blavity is committed and has the resources it needs to grow as a publication.” And on the new office, she said, “a lot of innovation will come out of that office in the next six to nine months.”
News of the investment comes at a time where there are a lot of changes – some bad, some good – going on at Black publications. News recently surfaced that the last remaining Black-owned newspaper in New Jersey, the South Jersey Journal, has shut down operations. And a few weeks ago, Essence magazine’s editor-in-chief, Vanessa DeLuca; and editorial projects director Patrik Henry Bass, were both let go of their positions as the company restructures itself since becoming independent.
Blavity’s round was led by GV and included input from Comcast Ventures, Plexo Capital and Baron Davis Enterprises.
Launched in 2014, Blavity is a platform that focuses on Black millenials.