Media Group of America Announces Close of First Major Investment Led by Pete Snyder and Disruptor Capital

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Media Group of America Announces Close of First Major Investment Led by Pete Snyder and Disruptor Capital

Fastest-Growing Social Publishing Company Adds Capital to Fuel More Growth, Social Media Pioneer Snyder to Board of Directors

 

ALEXANDRIA, Va.–(BUSINESS WIRE)–Media Group of America co-founders Alex Skatell and Phil Musser announced today the closing of a major investment round led by Pete Snyder and Disruptor Capital, and that Snyder, Disruptor’s CEO, will join the Board of Directors and serve as a senior advisor to all MGA properties.


The investment will help fuel even more growth for the one of the fastest-growing media companies in the world. Over the past 18 months, MGA’s flagship social news site, The Independent Journal Review, has surpassed CNN, The New York Times and USA Today in monthly traffic, is the third largest social news site globally, and consistently ranks among the top 50 most trafficked websites in the U.S.

 

“Disruptor Capital is thrilled to help fuel the growth of the fastest-growing company in the fastest-growing sector of the media industry,” stated Pete Snyder. “Phil and Alex are savvy entrepreneurs and are true innovators. They understand what consumers are looking for in news in this day and age in a way most others in the media industry simply do not. I’m excited to join their Board and help them continue to grow their company, their brands and create dozens and dozens of high paying, innovative jobs right here in Virginia and beyond.”

 

“We’ve been excited by our growth over the last two years. We are one of the most-trafficked news websites in the U.S., have built innovative mobile applications like Shuffle, and launched a best-in-class digital agency. Pete’s guidance and counsel will be a tremendous addition as we continue to strengthen our company and drive innovation,” said Alex Skatell.

 

“Pete was an early pioneer in the social media industry and his insight, business acumen and deep industry relationships will be invaluable,” stated Phil Musser. “He is a respected leader with a strong track record in both the public and private sector, and his strategic investment will help us continue our growth, expand our audience by the millions and attract the best and brightest talent in the media industry.”

 

About MGA:

Media Group of America is a next generation media company based in Alexandria, Virginia that operates the websites The Independent Journal Review and Liftbump. MGA also owns a technology incubator, MGA Labs, and a leading digital media agency, IMGE.

 

IJReview was recently recognized as the “2014 Best in Politics” social news publisher by Newswhip alongside the number one in business, Business Insider, and number one in sports, The Bleacher Report. According to numbers provided by Quantcast, IJReview.com consistently ranks among the 50 most popular websites in the United States.

 

IJReview was also recently profiled on the front page of The New York Times Business Section. As the Times reported:

 

MGA founders Alex Skatell and Phil Musser, say that IJReview’s popularity comes from having mastered “social sharing” on websites like Facebook and Google. They boast of the ability to generate maximum traffic from a minimum number of articles.

 

About Disruptor Capital:

Disruptor Capital, an angel capital investment company, was founded in January of 2012 by Virginia-based entrepreneur Pete Snyder. Snyder was one of the early pioneers in social media and his first company, New Media Strategies, was the first and largest social media marketing company in the world. Snyder has twice been named a Technology Titan by Washingtonian Magazine and led New Media Strategies to Inc. Magazine’s list of the 500 Fastest Growing Companies in America for three years in a row. Disruptor Capital’s portfolio companies include; Bills Khakis, Echelon Insights, Ledbury, Pascal Metrics and Potomac Research Group among others. www.disruptor.com.

 

Contacts
Disruptor Capital
Chesley Edmunds, 703-659-1100
Chesley@disruptor.com
or
Media Group of America
Matt Manda, 202-750-0239
matt@mgofa.com

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