News of disruption
UK-based Guardian Media Group, publisher of The Guardian, is rolling out a new £42 million venture capital fund to support the development of early-stage businesses focused on delivering the ‘next generation’ of media technology. The media firm says the assets in the GMG Ventures fund will be disruptive to the news sector.
GMG Ventures is considering investments in activities such as:
/Artificial intelligence and machine-learning tools for journalism
/Advertising technology, including fraud detection
/Technology to ‘enrich’ reader and customer experiences
/Tools or platforms allowing readers ‘to act on content that inspires them’
/New forms of content distribution, via audio and voice platforms or virtual, mixed and augmented reality models
GMG says GMG Ventures will be looking to secure investments in new businesses emerging out of the media and tech space in the UK, US and Continental Europe.
“GMG Ventures is uniquely positioned to be a value-add investor,” says GMG Ventures managing partner Alan Hudson. “The Guardian is well-placed to understand the rapid changes to the news sector and the investment opportunities that disruption presents.”
GMG says its current investment in Founders Factory, where it support the development of five early-stage media tech start-ups every year, will be rolled into GMG Ventures.
Also in this space, News UK last month launched the News UK Startup Lab, kicking off with an accelerator programme for a half-dozen small media-tech firms.
Image: Steve Mullins