Chernin Is Reportedly Teaming Up With a Talent Agency on a New Creator-Focused Fund

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

Chernin Is Reportedly Teaming Up With a Talent Agency on a New Creator-Focused Fund
Image courtesy of Shutterstock

Los Angeles-based investment firm The Chernin Group has reportedly joined forces with an Austin, Texas-based talent agency on a new fund that will snap up businesses and pair them with social media influencers.


The collaboration between Chernin and the talent agency, Night Media, will take the form of a growth equity vehicle called NightCap, Axios reported Tuesday. As the publication notes, Night Media has found success in pairing its talent with business ventures; one of its clients is YouTube star Mr. Beast, who has launched ventures including a fast food brand.

When reached by dot.LA, The Chernin Group declined to comment on the report. Night Media did not immediately respond to a request for comment.

Most recently, The Chernin Group led a $40 million growth equity raise for Stoggles, a Pasadena-based maker of stylish protective eyewear. The investment firm has also targeted the media space via investments in anime streaming platform Crunchyroll and Barstool Sports, the sports media outlet with a lengthy track record of perpetuating and promoting sexism, racism and anti-LGBTQ rhetoric. Chernin reportedly set about raising a new $1 billion investment fund last summer, Axios reported at the time.

In addition to managing a roster of online influencers, seven-year-old Night Media also operates an early-stage venture firm called Night Ventures, which leverages funds from YouTube, TikTok and Twitch content creators instead of traditional limited partners.

Subscribe to our newsletter to catch every headline.

Cadence

MyFitnessPal’s Tricia Han on How Cultural Understanding Strengthens Health Data

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

Tricia Han
Image courtesy of Tricia Han

On this episode of Office Hours, MyFitnessPal CEO Tricia Han discusses her role revitalizing the company and redefining its mission during a time of uncertainty for the company.

“I love a good reboot,” she said. “Let me just say that. That's how I came to be at the company.”

Read moreShow less

LA Tech ‘Moves’: Harbinger Taps Tesla Exec, REAL Messenger Gains Meta Director

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Harbinger Taps Tesla Exec, REAL Messenger Gains Meta Director
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

***

Read moreShow less

This Week in ‘Raises’: Bionaut Labs Grabs $43M, Embodied Lands $19.2M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in ‘Raises’: Bionaut Labs Grabs $43M, Embodied Lands $19.2M
Modified by Joshua Letona

Robotics company Bionaut Labs raised fresh funding to advance its first-in-class micro-robotic technology and remove the barriers to treat rare and debilitating diseases, while digital pathology company PictorLabs launched out of stealth and will use its funding to continue developing an AI-powered virtual staining platform and accelerate clinical research to improve patient outcomes.

***

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending