Israel-based Keshet Media Group’s investment fund Stardom Ventures has raised over US$65m aimed at growing local media and tech start-ups.
Founded with Dick Clark Productions in 2016, Stardom Ventures targets new companies in the areas of video, content, AdTech, MarTech and commerce.
In five years, the investment fund has secured 13 investments in seed and pre-seed rounds, while in the past year three of its start-ups have been acquired.
They include Warner Music-acquired MGN Media, which developed a platform for Gen-Z trend-spotting and viral content creation, and Uponit, a technological solution for adblockers, which was bought by BlockThrough.
Meanwhile Stardom Ventures’ current portfolio features Deepdub, an artificial intelligence-based dubbing technology firm whose board has recently been joined by former HBO Max chief content officer Kevin Reilly, and Piggy, a start-up working to revolutionise smartphone document creation for Gen-Z users.
Avi Nir, CEO of Keshet and co-founder of Stardom Ventures, said: “When we started out, our…