Ledger. Australian venture funding, tracked

Company

Rolling Stone

Media brand published by The Brag Media

Coverage

Stories naming Rolling Stone. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Venture debt ≤$10m

Richard White-backed Vinyl buys rival BuzzFeed and PopSugar publisher Val Morgan Digital from Hoyts

Vinyl Group is buying Val Morgan Digital, publisher of BuzzFeed and PopSugar, from Hoyts for $10.5 million, with funding via a shareholder facility and Hoyts CEO Damian Keogh joining the Vinyl board.

Also Startup Daily·Startup Daily·Mumbrella

Unnamed stage $11m

Brag Media cofounder sues Richard White-backed Vinyl for $2 million over acquisition deal

Brag Media cofounder Luke Girgis is suing Vinyl Group for performance payments from their 2023 sale; the piece also recalls Vinyl's other acquisitions and Richard White's $11 million investment.

2 deals

Media & Marketing

AFR's Media & Marketing section roundup: Joe Aston's Rampart has raised $2.3m from five backers and TEG has locked in roughly $100m of fresh bank debt, alongside media policy, court and personality stories.

Also Startup Daily·AFR Technology·Dealroom·SmartCompany·Mumbrella·This Week in Australian Startups·The Age Business·SMH Business·Mumbrella

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