Digital Media Firms Raise More Money—and More Questions

We’re already a few months into 2017 and if the recent spate of digital media investments are any indication, investors still have an appetite for them. But the fundraisings may only be delaying a consolidation that remains inevitable in the crowded media field.

The Information has learned millennial news site Mic is quietly putting together a series C round that will be led by earlier investor Lightspeed Venture Partners and may include at least one strategic media company, according to two people familiar with the matter.