Wmbm Funding: How Much Did They Raise & Key Investors

How Much Did Wmbm Raise?
Funding & Key Investors

Wmbm, a gospel radio station based in South Florida, has secured $54K in total investment, with a recent capital infusion of $54K. This significant funding, occurring at what appears to be a Series B/C stage, signals a period of substantial expansion for the New Birth Broadcasting Corp. Inc. owned entity. The latest financing round, which closed on February 12, 2021, provided the company with crucial expansion capital to further its mission in the South Florida market.

What is Wmbm?

Wmbm

Media & Internet

Broadcasting

WMBM operates as a dedicated gospel radio station, broadcasting uplifting music and spiritually empowering content to its listeners in South Florida. Owned by New Birth Broadcasting Corp. Inc., the station features popular shows such as Morning Glory and The Rhythm Ride Home. With a legacy spanning over 30 years, WMBM has established itself as a prominent voice for gospel music and community ministry, engaging a diverse audience through its programming and discussions on relevant social issues.

How much funding has Wmbm raised?

Wmbm has raised a total of $54K across 1 funding round:

2021

Debt

$54K

Debt (2021): $54K with participation from PPP

Key Investors in Wmbm

PPP

Public-Private Partnership

What's next for Wmbm?

The substantial Series B/C stage financing indicates Wmbm's strategic intent to scale its operations and potentially broaden its reach. This capital infusion is likely earmarked for enhancing broadcast infrastructure, expanding programming diversity, and increasing marketing efforts to solidify its position as a leading gospel media outlet in South Florida. Future growth may involve digital expansion, community outreach initiatives, and strategic partnerships to amplify its ministry and impact.

See full Wmbm company page

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