Announces $10 million seed fund
Mesa Global has announced a new $10 million seed fund earmarked for startups in the digital content, consumer internet and marketing spaces.
The new fund, dubbed “Mesa +,” has a digital media advisory committee which includes former News Corp. chief digital officer Jonathan Miller, who ankled his post in August. Mesa partners Jacob Brody, Mark Patricof and Andrew Montgomery will run Mesa +.
Mesa, a boutique investment bank and advisory firm based in New York, plans to invest in 50 to 70 startups mainly in the Gotham area. Company has already invested in seven ventures including Bre.ad, a website that monetizes the social media presence of entertainers like Lady Gaga and Britney Spears.
Mesa also plans to invest in content creation, targeting new companies that focus on mobile phones and iPads.
In Hollywood, Mesa is perhaps best known for its advisory work, having orchestrated Relativity Media’s fresh capital infusion in May (Daily Variety, May 30).
“Leveraging our extensive network and expertise in the media, entertainment, technology, advertising, finance and commerce industries, MESA+ will help great entrepreneurs build big businesses from the ground up,” Patricof said in a release announcing the new fund.