Semafor Banks $19 Million in New Funding as News Startup Is Set to Relinquish $10 Million Investment From Sam Bankman-Fried
variety.comTodd Spangler NY Digital Editor Semafor, the digital new startup launched last fall, announced that it has raised $19 million in a new financing round, bringing its total raised to $34 million.
The New York-based company was co-founded by Ben Smith, previously media columnist for the New York Times and editor in chief of BuzzFeed News, and Justin B.
Smith, former CEO of Bloomberg Media Group. (The two are not related.) Semafor said the additional investments are an extension on the same terms of the company’s previous financing round.
The new total also takes into account the repurchase of the approximately $10 million in funds from Sam Bankman-Fried, the former CEO of cryptocurrency company FTX whom federal prosecutors have charged with fraud, money laundering and campaign finance offenses.
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