Ozy Media has raised $35 million in new funding to grow its festival and TV business, and is projecting profitability in 2020
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Cofounder and CEO Carlos Watson said he planned to use the funding to capitalize on the rise of streaming TV and associated demand for content, as well as grow Ozy's live events and podcasts. Investors from earlier rounds also participated in this round: GSV Capital, Emerson Collective, and Business Insider parent Axel Springer., Ozy styles itself as a media company for curious people interested in change and ideas.
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