The Venture Codex Logo

The Venture Codex

Emmis

One Emmis Plaza, 40 Monument Circle, Suite 700, Indianapolis, IN, 46204, United States

Overview

Emmis Communications Corporation (Emmis) is a diversified media company, principally focused on radio broadcasting. The Company owns 18 frequency modulation (FM) and three amplitude modulation (AM) radio stations in New York, Los Angeles, St. Louis, Austin (Emmis has a 50.1% controlling interest in Emmis’ radio stations located there), Indianapolis and Terre Haute, IN. One of the Company’s FM radio stations in Los Angeles and one of its FM radio stations in New York are operated pursuant to local marketing agreements (LMA’s) whereby third parties provide the programming for the stations and sell all advertising within that programming. In June 2014, Emmis Communications Corp purchased a controlling interest in Digonex, a pricing company with clients including sports teams, retailers, cultural institutions, and entertainment companies

Total investments
1
Lead investments
1
Investments · 12mo
0
Active investors
2

Sector focus

  • Media and Entertainment
  • Mobile Apps
  • Music
Visit website

Investment portfolio

  • Anzu

    Led · Series B · Jun 2023

    Anzu provides an intrinsic in-game advertising solution that integrates advertising into cloud, PC, console, and mobile games and complex 3D environments. The company has expanded measurement capabilities for advertisers, connected with exclusive AAA games and premium content, and secured patents for its proprietary technology. Anzu recently hired Nerissa MacDonald as EVP Global Sales and plans to use new funding to build out its global leadership team. The company intends to grow its U.S. footprint by developing teams across the country and to remain independent and focused on improving advertising in games. Management and investors characterize in-game advertising as a rapidly growing market with multi-billion-dollar potential. Anzu is a Tel-Aviv, Israel–based in-game advertising platform led by co-founder and CEO Itamar Benedy. The platform integrates non-intrusive, real-world brand ads into gameplay to enable top-tier game developers to monetize users and allow Fortune 500 brands to reach gaming and esports audiences. The company recently launched an ad-verification solution that ensures ads are viewable and delivered in a brand-safe, fraud-free environment. Anzu raised $6.5M in Series A funding to support its growth. It plans to use the funds to expand market offerings specifically targeting Triple AAA game franchises on PC and consoles. The company also intends to strengthen its presence in European and North American markets by scaling business development efforts in those regions.

Team

  • Jeff Smulyan

    Chairman

    LinkedIn
  • Patrick M. Walsh

    President, Chief Operating Officer and Director