8 posts and columns on Advancit Capital
News ByteFormer News Corp digital head Jon Miller has joined Advancit Capital as a partner. Advancit is an early-stage investment firm that was started two years ago by Shari Redstone and Jason Ostheimer; Redstone is the daughter of Sumner Redstone, director at CBS and Viacom, and president of National Amusements. Advancit has made several dozen investments over two years, many in the online media and entertainment arenas, including Maker Studios, Oyster and Circa. In 2011, a regulatory filing noted that the venture firm had raised $3.2 million. Miller — who used to work at Viacom, where he met Redstone — is the first non-family partner at Advancit.
News ByteSkift, the travel news startup from paidContent founder Rafat Ali, has added $1.1 million to the $500,000 seed round it raised last year. Lerer Ventures led the round, along with new money from funds including Advancit Capital and individuals including Martin Nisenholtz and Shakil Khan. Ali said the money will help him double his staff, to 10, and to launch new services.