Axel Springer invests in NowThis Media

Anton Waitz (pictured), managing director Axel Springer Digital Ventures USA said: “NowThis is taking advantage of the three big trends in digital media: video, social and mobile. We do not just want to engage as an investor, but also look forward to a mutual exchange of know-how and experience.”

“Axel Springer is an ideal partner for us,” said NowThis co-founder and managing director at Lerer Hippeau Ventures, Eric Hippeau.  “As a leading news publisher they offer us expertise, resources, and significant opportunities for international growth.”

Other investors include: Oak Investment Partners; NBC; Lerer Hippeau Ventures and SoftBank Capital.

Axel Springer is a FIPP member company.

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