MACRO Announces Strategic Funding Round
deadline.comMACRO announced the completion of an over $90 million minority investment led by BlackRock Alternatives, through the BlackRock Impact Opportunities Fund and funds and accounts managed by BlackRock.
Harbourview Equity Partners and funds managed by Goldman Sachs Asset Management also participated in the round, joining the list of MACRO’s investors that also includes Emerson Collective, AMC Networks, Essence Ventures, MNM Creative, Raymond J.
McGuire, Anré Williams, Clara Wu and others. The company plans to use the additional capital to scale and expand operations across its existing business verticals, as well as invest in key organic and inorganic growth initiatives to diversify its revenue streams and reinforce the company’s core lines of business. “With the global power of a partner like BlackRock Alternatives as well as our new additional investors, we are extremely well-positioned to build on the vast opportunities in the media and entertainment arena, both in the U.S.
and abroad. This next phase for MACRO is to extend our reach by fueling each business vertical with the appropriate human and financial resources to unleash the full potential of the MACRO ecosystem.
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