St. Petersburg, FL
Current Investment-FUND IV
Acquisition date: September 3, 2021
Disposition date: Current Holding
Freelancer-powered services and marketplaces focused on digital marketing solutions and content creation for small and mid-sized businesses
Next Net Media, LLC ("Next Net Media" or the "Company") is a freelancer-powered services company that owns three customer-facing brands providing digital marketing solutions, content creation and other support functions to small and mid-sized businesses. The HOTH is the Company's largest brand and provides digital marketing solutions with a focus on search engine optimization, pay-per-click and other complementary services. Core products include content creation, content distribution, and fully managed digital marketing plans. iWriter and FreeUp are marketplaces facilitating direct engagements between freelancers and small businesses for content creation, article writing and a wide variety of other support functions.
The Company's founders and key management continue to lead the business and retain a significant equity stake. The investment by Clearview provides additional capital to support the Company's growth initiatives.
The transaction closed on September 3, 2021. Clearview invested equity from Clearview Capital Fund IV, LP, alongside members of Next Net Media's management team.