Manoj Bhargava Invests $12 Million More in The Arena Group

Feb 14, 2024•almost 2 years ago

Amount Raised

$12 Million

New YorkInformation Technology

Investors

Manoj Bhargava

Description

The Arena Group announced that its largest shareholder, Simplify Inventions, LLC, is increasing its investment in the company by providing an additional $12 million in equity at an 85% premium over yesterday’s closing stock price to help sustain the company during its transformation.

Company Information

Company

The Arena Group

Location

New York, New York, United States

About

The Arena Group (NYSE American: AREN) is an innovative technology platform and media company with a proven cutting-edge playbook that transforms media brands. Our unified technology platform empowers creators and publishers with tools to publish and monetize their content, while also leveraging quality journalism of anchor brands like TheStreet, Parade, Men’s Journal and Athlon Sports to build their businesses. The company aggregates content across a diverse portfolio of over 265 brands, reaching over 100 million users monthly.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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