Beringer Capital, a private equity firm specialized in media and marketing services, has purchased a majority stake in Benzinga, a financial media platform. Benzinga provides financial information to 25 million users in over 125 countries.
“Benzinga is just entering the second inning of what we will build,” said Jason Raznick, founder and CEO of Benzinga. “Partnership with Beringer drastically accelerates the timeline to realize our ambitions of what we can provide investors globally.”
“To date, Benzinga has done a remarkable job of differentiating its offerings and building a vibrant, engaged community across its various platforms,” said Perry Miele, chair and managing partner at Beringer Capital. “We’re looking forward to building on this impressive trajectory, collaborating closely with its team on exciting new offerings that empower more investors to take control of their financial futures.”
Bezinga was advised by Canaccord Genuity.