Back in February, Pranav Dixit at Engadget wrote an article, “Who makes money when AI reads the Internet for us,” which was ahead of its time. Now, Olivia Joslin and I were thrilled to have the opportunity to sit down and discuss how TollBit answers that question in his latest profile of us:
About us
Drawing upon the global reach of parent company Bertelsmann, BDMI is a financially-driven corporate venture investor that brings a wealth of experience and opportunities to emerging companies. BDMI provides not only capital, but also brings access to a worldwide collection of diverse businesses within Bertelsmann and via our broader network of media, platform and tech connections. Our investment areas include Next Gen Media, Web3, Enterprise SaaS and Fintech. BDMI invests out of two funds: a seed fund and a traditional early stage fund. For the seed fund, we typically prefer to see a product or service that is live in the marketplace with some initial data points that demonstrate early signs of product-market fit. We don’t usually lead seed stage investments, but prefer to join a syndicate with a lead already in place. In BDMI’s main fund, we typically pursue Series A and Series B rounds with an initial investment of $500k to $10m plus reserves for follow-ons. We are comfortable leading an investment, co-leading or joining a syndicate with other strategic or financial investors. Depending upon the size of our investment, we usually hold voting board seats or observer seats. We invest in companies based in North America, Europe and Israel. Bertelsmann is a media, services, and education company that operates in about 50 countries around the world. It includes the entertainment group RTL Group, the trade book publisher Penguin Random House, the music company BMG, the service provider Arvato, the Bertelsmann Printing Group, the Bertelsmann Education Group and Bertelsmann Investments, an international network of funds. The company has 145,000 employees and generated revenues of €18.7 billion in the 2021 financial year. Bertelsmann stands for creativity and entrepreneurship. This combination promotes first-class media content and innovative service solutions that inspire customers around the world.
- Website
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http://www.bdmifund.com/
External link for BDMI
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 2-10 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2006
- Specialties
- Seed Stage, Early Stage
Locations
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Primary
New York, New York, US
Employees at BDMI
Updates
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BDMI portfolio company Antenna shared insights about how the 2024 Summer Olympics drove increased sign-ups to Peacock. Check out the data below:
Between July 25 and July 31, Antenna observed 2.8M Sign-ups to Peacock. Average Daily Sign-ups to Peacock of 398k during the first week of The 2024 Olympics represented a 5.6x increase versus the 8-week benchmark. Read the full analysis on the Insights Blog: https://lnkd.in/gS8F9PRw #svod #mediadata #mediaanalytics #streamingvideo #streamingdata #dataanalytics #mediabusiness #sportsmedia #subscriptionvideo #subscriptionmedia #subscriptioneconomy
Peacock and The Impact of Paris 2024 - Antenna Blog
antenna.live
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Big congratulations to Memorable AI! BDMI is proud to have been an early investor.
Let's go!! Thrilled to finally see the headlines break on Reddit, Inc.'s acquisition of Memorable AI. What a ride! Feeling grateful. Thank you Sebastian Acevedo & Camilo Fosco for trusting me to build the "business" of our business. And to my partners-in-crime Juan Rodriguez Momesso, Juan Bautista Berisso, Ricardo Augusto Fernandez, & Angeles Pena Podrez - endless respect for each of you. And a MAJOR thanks to our clients & partners for taking a leap of faith into the future of Advertising & Creativity together. So much love for our earliest clients Unilever, ExxonMobil, Mars, Georgia Pacific, Vistar Media, and others for embracing the change (and often a bit of uncertainty 😀) in the name of real innovation. As for me, after this intense sprint with Memorable AI, I'll take a moment to reflect and breathe. Then.. excited to explore what's next. Feeling energized and optimistic for our industry - upward and onward 📈!! https://lnkd.in/eqxdRuZ6
Reddit Acquires Generative AI Startup Memorable AI
bloomberg.com
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Boostr is hiring! We're looking for a dynamic leader to manage our Software Engineering teams. If you have a passion for agile practices, collaboration, and driving high-quality releases, we want to hear from you! Lead our global team and shape the future of our products. Apply now at https://hubs.li/Q02JqdHN0 #Hiring #TechJobs #SoftwareEngineering #Leadership #Agile #Boostr
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Last week, the BDMI Summit brought together over 150 senior executives from major media companies, agencies, tech platforms, and brands. It was an amazing day of engaging panel discussions, exciting startup company presentations, and valuable networking opportunities. Our gratitude goes out to the exceptional speakers and panelists who generously shared their insights and expertise: Rich Greenfield, Tom Hoffman, Tiye Pulley, Benjamin Kaunitz, Jocelyn Moore, Ivo Voynov, Chris Golier, Jared George, Michael Kaplan, Jeff Jarvis, Amir Ghavi, Rhys Nölke, Terence Kawaja, Rafael Amado, Santiago Escobar Lloreda, Henning Nieslony, and Alan Patricof. Their deep industry knowledge covered a wide range of topics, including the business of #sports, #media trends in the US and internationally, #AI use cases for #creators, and its related #legal and #copyright predictions. A special acknowledgement goes out to our exceptional portfolio companies who presented their innovative startups and demonstrated immense growth potential: Letterhead, boostr, tvScientific, Dynasty, BigCo., Burq, Wand, Rembrand, Story.com, Huski.ai, Vera, and Spawning. And our guest presenting startup, TollBit! A big thank you to Amazon Web Services (AWS) for sponsoring the event. See you next year for the BDMI Summit 2025! #BDMISummit #VentureCapital #Startups #Tech #Media #Investing #Innovation
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We are so proud to be supporting Hark as they continue to pioneer the next generation in Voice of Customer!
Here we go! Announcing our oversubscribed seed round led by the incredible team at Oceans! Couldn't be more excited for the new investors joining our journey: Converge, Atman Capital, Alumni Ventures, BDMI, Tenzing Capital Ventures, Leeor Cohen, Jess Cervellon & Zach Goldstein! It's really all about the team and I am SO proud of ours at Hark. We've all worked together from past experiences and have gelled into a hell of a unit that continues to grow together. Wouldn't be here without continued support from a group of existing investors that have been there every step of the way... Lightbank, Everywhere Ventures, RiverPark Ventures, Green Egg Ventures, Gaingels, M13, Hatchet Ventures 🪓, Neil Capel, Stephan Cizmar, Mike MacCombie, Austin Rief, Pierson Krass, Bill Pescatello & Jyothi Vallurupalli!
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The entrepreneurial journey can be daunting — take a break and hang out with puppies! Join BDMI next week for drinks and networking, and hear from an expert speaker on mental health for founders— all while an adorable litter of puppies roams the space. This event is part of #TechWeek - a week of events hosted by VCs and startups to bring together the tech ecosystem. TECH WEEK by a16z https://lu.ma/6da2fzi3
NYC #TechWeek: Puppy Party for Founder Mental Health with BDMI · Luma
lu.ma
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BDMI reposted this
Tracer has been named to The Lead's "The Leading 100" for 2024 in #Data & #Analytics! 🎉 We've been honored alongside a fantastic group of high-impact #technology start-ups and we're excited to celebrate with everyone in July! 🥂 See the full list of honorees here: https://lnkd.in/e7ncwWd7 #tech #martech #measurement #reporting
The Leading 100
https://the-lead.co
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BDMI's Juliette Rolnick spoke this week to students at NYU Tisch School of the Arts about trends in music tech
Had the most wonderful time speaking on trends in music tech to the students of NYU Tisch School of the Arts Clive Davis Institute of Recorded Music alongside dream team Pete Mathias of Alumni Ventures, Kristen London, CFA of TuneCore, and Andrew Bornstein of Red Light Management. The NYC media & music technology community is strong and growing, and I'm grateful to be a part. Thank you to the fantastic NYU team Nick Sansano, Stein Bjelland, and Marat Berenstein for hosting and to Pete Mathias for making this happen. Thank you as well to the students who showed up and shared their valuable perspectives. PS: This first photo is at the Beastie Boys' studio in front of their original Neve recording console. Pretty cool.
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