Lowenstein Sandler represented Bertelsmann Digital Media Investments (BDMI), a global media, education, and services company, and an affiliate of Bertelsmann, in a $8 million Series A funding round in Lemonada Media, a podcast network that shares an unfiltered version of the human experience in a time of increasing polarization.
Other participants included Madison Wells, Greycroft, Spring Point Partners, Intuition Capital and Own Capital Group.
Founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs, Lemonada’s mission is to present authentic first-person narratives that highlight the diverse human experience and make us all feel less alone. Since its inception, Lemonada has gained millions of listeners, 20 original podcasts and more than tripled its annual revenue.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.