Digital Pub OZY Receives $20 Million In Funding

ozy

ozyIf you’re into the next big thing in digital magazines (and why wouldn’t you be?), you’ve probably heard of OZY. If, however, you aren’t privy to the latest and greatest when it comes to online culture publications and enjoy Vice, BuzzFeed and Mic, OZY is for you.

The mag just became the recipient of a $20 million investment from a German publisher called Axel Springer, according to Fortune, and it’s ready to move ahead of the pack when it comes to offering a fresh take on daily news and interesting features.

OZY’s Presidential Daily Briefing is a NYT Now-ish type of roundup on the day’s most pertinent information, and its mix of unique headlines (interviews, personal narratives and reported pieces) along with short video make it an ideal destination for those looking for hard news then just a little bit extra. With the added bonus of OZY’s redesign for its one-year anniversary, the pub is a win all-around. I trust that its content and presentation will improve with the recent boost in funding — OZY is certainly a contender for a spot alongside the likes of BuzzFeed and its competitors, but only if the mag plays its cards right on monetization.

Fortune’s Miguel Helft reported that OZY plans to launch an ad campaign plus launch a live event schedule.

How would you rank OZY against similar digital publications? Comment below or tweet us @10000Words.