The media’s “Trump Bump” is starting to get the attention of investors.
The Young Turks Network, the left-leaning, YouTube-driven political news outlet led by outspoken activist Cenk Uygur, has raised $20 million, which it plans to use to double the size of its newsroom and business operations.
The funding round is being led by newly formed growth equity fund 3L Capital, with additional backing from venture capital veterans Greycroft Partners and e.ventures, as well as Jeffrey Katzenberg’s recently launched WndrCo.
“News is red hot right now and being positioned on the progressive side of the coin has put us in a very good place,” Mr. Uygur said.
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