1854 Media, a digital media business, successfully secured its initial £400,000 funding in just 24 hours on equity crowdfunding platform Crowdcube. The company previously raised nearly £400,000 through the funding portal in 2016 under the name British Journal of Photography.
As previously reported, the publication has been dedicated to photography for more than 160 years and claims it has become one of the most influential photography magazines in the world. Since its management buyout in 2013, the publication reported has generated over £1 million revenue along with redesigned prints, growing subscriber base and over 650,000 social media followers. It has also won various awards, including PPA Publishing Innovator of the Year in 2013, Digital Publisher of the Year in 2013 and 2014, Best Digital Media Company 2015, and App of the Year at the digital publishing industry awards in 2013.
1854 Media stated it exists to:
- Curate photography for millions of arts & culture lovers and creators
- Provide platforms to help photographers succeed
- Create standout visual content for brands
The company also reported:
“Our visual content agency, creating PR-able content by commissioning our audience and winning an international client base. Our pioneering plans include building a commissions platform linking brands to talent. With 2017 revenue +234% to £243k and largest deal size (£70k) 10x 2016, we believe we are ready to scale fast. Our world-class team, backed by the world’s leading visual creatives, are ready to build a digital media business of the future.”
All funds from the latest Crowdcube round will be used to continue 1854 Media’s growth and development. It is set to close mid-June.
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