variety.com
07.04.2023 / 18:13
92%
Cannes Festival Partner Brut Raises Nearly $40 Million From Rodolphe Saadé’s CMA CGM, MoonPay in Fourth Funding Round
Elsa Keslassy International Correspondent Brut, the influential digital media publisher which became one of the main partners for the Cannes Film Festival last year, has just finalized its fourth funding round for approximately $40 million. The company, founded by Guillaume Lacroix, Renaud Le Van Kim and Laurent Lucas six years ago, has enlisted a pair of powerful financial backers: CMA CGM, the world’s third-largest container shipping company owned by billionaire businessman Rodolphe Saadé, which also recently nabbed 10% of France’s second biggest commercial network M6, and the daily newspaper La Provence; and MoonPay, a leading Miami-based financial service company for web3 whose investors include former tennis star Maria Sharapova, as well as Snoop Dogg, Drake and Justin Bieber, among others. Aryeh B. Bourkoff’s LionTree advised the deal with MoonPay.
