What is Above Average?
Founded in 2012 by Lorne Michaels' Broadway Video, Above Average operates out of New York City, specializing in the production of high-caliber comedy content. The company has carved a niche by delivering acclaimed comedy specials and scripted series for leading streaming platforms such as Netflix, HBO Max, and Amazon. Their portfolio includes notable stand-up specials and the Emmy-nominated series 'The Other Two,' demonstrating a commitment to innovative and humorous programming that resonates with both dedicated comedy enthusiasts and a broader audience.
How much funding has Above Average raised?
Above Average has raised a total of $15M across 1 funding round:
Private Equity
$15M
Private Equity (2016): $15M with participation from Turner Broadcasting, Condé Nast, and Advance Vixeid Partners
Key Investors in Above Average
Turner Broadcasting
Turner Broadcasting, operating under the domain turner.com, is a significant media entity likely involved in content distribution and platform development, aligning with Above Average's strategic goals.
Condé Nast
Condé Nast, a global media company with a rich history, likely brings extensive experience in content creation and audience engagement, complementing Above Average's production focus.
Advance Vixeid Partners
Advance Venture Partners is an evergreen venture capital firm focused on long-term investments in technology and tech-enabled companies, suggesting a strategic interest in Above Average's growth and market expansion.
What's next for Above Average?
The recent major strategic investment signals a pivotal moment for Above Average, likely enabling further expansion of its production capabilities and content pipeline. This capital infusion is expected to fuel the development of new comedic ventures, potentially exploring emerging platforms and formats. The company's focus on producing content for major distributors suggests a strategy geared towards scaling its reach and solidifying its position as a key player in the digital comedy production space, aiming for continued growth and industry recognition.
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