The Ankler Raises $1.5 Million at $20 Million Valuation
Axios reported Tuesday.Richard Rushfield’s buzzy email newsletter, launched in 2017, has since moved to Substack and steadily grown, adding former THR editor Janice Min as co-owner late last year and other staff to broaden The Ankler digest into a Hollywood-focused Ankler Media.The company raised the $1.5 million seed round at a Y Combinator “Demo Day,” in which startups pitch investors with a deck and a 60-second video. The array of investors includes Dick Parsons’ Imagination Capital, Goodwater Capital, Pioneer Fund, FilKor Capital and several individual investors. “Its a real pressure test on a business,” Min told Axios.