Hunterbrook Global, a U.S. newsroom and hedge fund, has been valued at $100 million after a recent fundraising, reports Daniel Thomas and Kate Duguid of The Financial Times.
Thomas and Duguid write, “Hunterbrook was launched in 2023 by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, creating a newsroom to gather exclusive information and a hedge fund to trade off it.
“The recent fundraising doubled Hunterbrook’s valuation from its 2023 seed round and is separate from the $100mn raised last year for the investment fund run by Hunterbrook Capital.
“The new funds will be invested in building its newsroom further, according to a person close to the situation. Hunterbrook declined to comment.
“Hunterbrook also revealed to investors in a letter that it planned to further exploit its news gathering by launching a litigation business that would partner with law firms on cases enabled by the newsroom’s reporting. The business is being led by media lawyer and litigator Joe Slaughter.”
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