Now Vinyl is taking Time Out
Josh Simons-led Vinyl Group raised $2.4 million and is adding Time Out Australia and Pedestrian Group to its media portfolio for little outlay, alongside earlier buys of Concrete Playground and Val Morgan Digital.
Company
Platform helping musicians create and sell digital merchandise and custom performances
Every investor coverage indicates participated in a round Serenade raised.
Companies Serenade acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Max Shand | Founder | OIF Ventures portfolio, Startup Daily, Our Innovation Fund |
Stories naming Serenade. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Josh Simons-led Vinyl Group raised $2.4 million and is adding Time Out Australia and Pedestrian Group to its media portfolio for little outlay, alongside earlier buys of Concrete Playground and Val Morgan Digital.
Vinyl Group is buying Nine's youth publisher Pedestrian Group for nominal consideration, ending Nine's costly ownership. The piece also recalls Nine's stake purchases, Linkby's Series B, and Vinyl's acquisitions and shutdowns.
Also Startup Daily·This Week in Australian Startups·Capital Brief
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.
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.
OIF Ventures' 2024 review: two portfolio companies acquired, a talent-leadership hire, its fourth fund deploying, new investments in eight named startups and nine follow-on rounds.
Music and media company Vinyl Group has agreed to buy the city guides brand Concrete Playground for $5 million in cash and shares, with completion expected by late February 2025.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily
The co-founders of Sydney venture firm AfterWork Ventures have been recognised on the Forbes Asia young leaders list, alongside other regional founders and investors; the firm earlier reached a $10 million first close on its fund.
Profile of Serenade, an NFT and performance marketplace for musicians, tracing founder Max Shand's route from Afterpay employee to venture investor, with OIF among its backers.