News media start-up, The Mark News, closes funding
Investors include host of CBC'S The Dragon's Den and former head of eBay
The Mark publishes multimedia news commentary written by and featuring a hand-picked community of more than 600 great Canadian thinkers and doers working around the world in politics, business, science, technology, sports and the arts. Media observers have described The Mark as a smarter, Canadian version of the Huffington Post.
The round was led by Innovation Grade Capital, an investment company owned by David Ceolin, former CEO of Digital Cement; Thunder Road Capital, a firm owned by
The Mark will use the financing to fund growth.
"We plan to add hundreds of new contributors, expand our multimedia offering, launch a French version, and sign revenue and content distribution partnerships," said
"Consumers want to engage directly with the people doing the work and making the decisions that ultimately become news. They are increasingly choosing integrated online platforms to watch, listen and read. The Mark will capture audience as these trends accelerate," she said.
David Ceolin, the lead investor, highlights that The Mark is pioneering a new business model for publishing.
"The Mark is building a portfolio of content-based services that have scalable, sustainable revenue potential and don't rely on advertising or subscription," he said.
About The Mark
The Mark is Canada's daily online forum for news commentary and debate. It is founded on the idea that thousands of credible Canadians, here and abroad, have important things to say but cannot reach a national audience. For these Canadians, The Mark is their platform. It publishes high-quality original written, audio and video content for distribution through the web, print, radio, television and live events. The Mark, which is based in