Francisco Partners has taken a stake in local news publishing platform News Break. The investment is part of News Break’s $115 million round in Series C funding led by Francisco.
The deal sees Francisco gain a seat on the News Break board of directors. “News Break’s breakout multi-year successes in the local news space is what first brought them to our attention,” says Francisco principal Alan Ni. “We are inspired by their mission and extremely impressed by the work they have done to bring local-news distribution into the 21st Century through cutting-edge machine learning and media savvy.”
News Break had previously raised more than $36 million from investors including IDG Capital. Kirkland & Ellis is advising Francisco.