It’s been an amazing and eventful few months here at SAY as we continue on our journey to create a modern media company. From acquisitions to the key executives we’ve added to the management team, the publishing industry is taking notice and increasingly seeing us as a company leading publishing into a digital age.
Today SAY took another step on our journey and announced $27 million in new financing, a round led by New Enterprise Associates (NEA) with participation from Shea Ventures and Correlation Ventures as well as existing investors August Capital, First Round Capital, Maveron, WPP, Focus Ventures and Neoteny. We are also pleased to announce that we’ve added NEA’s Paul Hsiao to our board of directors. The value gained from having NEA as a partner and the wealth of experience Paul brings to SAY will accelerate our efforts to execute our strategy.
The new round of financing, which comes on the heels of worldwide publisher of TIME magazine Kim Kelleher being named SAY’s new president, is a validation of the strategic direction SAY is taking by several world class investors. As we look to the future, we will continue the work we are doing with amazing creators with strong point of view while delivering beautiful editorial experiences that connect with and engage audiences for advertisers. Supported by the work of our dedicated and truly talented team, SAY is on a path to achieve its goals and create a ‘once-in-a-generation’ media company.
Matt Sanchez, CEO