San Juan, Puerto Rico – Padre Media and The Phoenix Fund are excited to announce their new partnership to become a global leader in Digital Publishing focussed in the consumer technology category. Padre Media owns and operates a portfolio of leading digital publishing businesses which help readers navigate today’s complex and exciting world of tech, gadgets, software and hardware.
The new investment round will accelerate Padre’s ability to invest in their online properties as well as acquire best of class online businesses which fit its strategy. “The Phoenix Fund was a great match from the start, they understood our strategy and saw the potential right away of the category we are focussed in,” said Dan Brian, Founder and CEO, of Padre Media. Padre Media has been profitable from the start and plans to utilize this round of funding to accelerate its growth.
“Padre’s has a very compelling plan and is a key investment for us within our technology vertical,” said Francisco J. Rivera, Principal at The Phoenix Fund. “We like to invest in businesses with a bold vision but also a strong background in execution and operations, and Padre has both of those,” said Carlos Valle of The Phoenix Fund.