Bertelsmann Digital Media Investments

Bertelsmann Digital Media Investments General Information

Description

Established in 2006, BDMI makes early-stage investments into innovative companies in the tech and media landscape; the team is headquartered in New York. 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 its network of media, platform, and tech connections. The firm's goal is to partner with companies that can benefit from its expertise and global perspective. The firm invests out of two funds: a seed fund and a traditional early-stage fund. For the seed fund, it typically prefers 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. The firm doesn't usually prefer seed-stage investments but prefers to join a syndicate with a lead already in place. The Firm's main fund typically pursues Series A and Series B rounds with an initial investment of $500k to $5m plus reserves for follow-ons. The firm is comfortable leading an investment, co-leading, or joining a syndicate with other strategic or financial investors. Depending upon the size of our investment, it usually holds voting board seats or observer seats. It invests in companies based in North America, Europe, and Israel.