Woven Digital Raises $18 Million in Series A Financing

Woven Digital, a publisher of pop culture news and entertainment sites which include UPROXX and BroBible, announced Thursday that it has raised $18 million in Series A financing led by Institutional Venture Partners (IVP).

Also participating are Advancit Capital, The San Francisco 49ers, United Talent Agency, senior partners from leading entertainment law firm Ziffren Brittenhanm LLP, MySpace and SGN co-founder Chris DeWolfe, Buddy Media co-founder Mike Lazerow, and former NBA players Baron Davis and Jermaine O’Neal. IVP Principal Somesh Dash will join Woven’s board of directors.

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“IVP is incredibly well regarded for their support of entrepreneurs and their track record of working with innovative technology and media companies,” said Scott Grimes, co-founder and CEO of Woven. “We couldn’t be more excited to partner with IVP and Somesh in particular. He brings a wealth of experience, strategic perspective, and relationships to our company.”

The capital will be used to bolster Woven’s ad sales team, increase editorial content production, accelerate development of its technology, and expand Woven Studios, the company’s original video production arm.