Axel Springer gets on Mic for $17m series B

Jun 4, 2015 • Thierry Heles

Axel Springer joined a range of previous investors to provide series B capital for the online media company, taking its total funding to approximately $32m.

Mic.com, a US-based online news publisher aimed at millennials, raised a $17m series B round yesterday from investors including Axel Springer Digital Ventures, the corporate venturing subsidiary of media company Axel Springer.

Venture capital firm Lightspeed Venture Partners led the round, which also featured Lerer Hippeau Ventures, Advancit Capital, Red Swan Ventures and the John S and James L Knight Foundation, as well as Jim Clark, a co-founder of erstwhile browser developer Netscape.

Founded in 2011 as PolicyMic, the company…

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