Recurrent Ventures Acquires Independent Digital Media Company
November 9, 2021 - New York, NY
Recurrent Ventures, a leading investor in digital media companies, today announced that it has acquired independent digital media company WEB.
About WEB
WEB is a digital content company that creates and distributes content for a wide range of audiences. The company's content is focused on topics such as cars, technology, and entertainment. WEB has a strong online presence, with over 60 million followers on social media.
About Recurrent Ventures
Recurrent Ventures is a venture capital firm that invests in early-stage digital media companies. The firm has a track record of success, having invested in companies such as Cheddar, The Dodo, and Vox Media.
The Acquisition
The acquisition of WEB by Recurrent Ventures is a strategic move for both companies. Recurrent Ventures will provide WEB with the resources and expertise it needs to continue to grow and scale its business. WEB will add to Recurrent Ventures' portfolio of high-quality digital media companies.
The terms of the acquisition were not disclosed.
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