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Corporate Social Responsibility
News
2.07.2008 - 09:00am ET
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CSR News from:
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Sustainable Life Media Receives Series A Funding from Well-Connected Group of Media Investors
(CSRwire) BURLINGAME, CA - February 7, 2008 - Sustainable Life Media (SLM), a
business-to-business media and event company, announced today that it has
closed its Series A investment. The round was led by William Cobert, CEO,
EBITDA Media who is set to join SLM's board in conjunction with the close
of the round. Omid Rahmat, formerly CEO of tomshardware.com, Kevin Jones
of GoodCapital.com, and other silent financial partners, each with
significant experience and connections to different well-known media
companies, add significant strategic and operational bench strength to the
company. Sustainable Life Media will use funding for expansion and to
develop additional market offerings. Collaboration with another EBITDA
property, Green Media Enterprises, is also planned.
This initial round of funding follows the success of SLM's inaugural
Sustainable Brands 07 event, growing readership of multiple online
newsletters, and the recent announcement of seasoned sustainability
experts as advisors. Founded in 2004, SLM has been at the forefront of the
nascent and exploding eco-movement and helped mainstream business create
value through innovation for sustainability.
"In Sustainable Life Media we have found a team who is genuinely
committed to helping grow the emerging green business marketplace, and is
already building a terrific track record of success on that front through
their well regarded newsletters and events including their Sustainable
Brands Conference," notes Cobert. "But as importantly, they've
demonstrated they understand how to build a stable, profitable business at
the same time. What a great validation of the opportunity for others who
are looking for new opportunity to do well by doing good."
About Sustainable Life Media
A business-to-business online community, e-newsletter, research and event
company located in Burlingame, CA, Sustainable Life Media (SLM) is home
for business professionals looking to build new value and competitive
advantage by innovating more sustainable strategies, practices and
products. SLM brings business professionals top news stories related to
the what, who and how of environmental and social innovation, and helps
them connect with thought leaders, peers, partners and solutions providers
that can help them quickly reach their goals. For more information, please
visit: http://www.sustainablelifemedia.com/about
About EBITDA Media
EBITDA Media is an investment holding company for B-to-B media properties,
and focuses upon building platform companies with integrated media
capabilities in key niche markets. EBITDA Media is partnered with Veronis
Suhler Stevenson (www.vss.com), a private equity buyout and
structured capital fund management company dedicated to investing in the
media, communications, information and education industries in North
America and Europe. To date, VSS equity and structured capital funds have
invested in 50 platform companies, which have in turn completed over 220
add-on acquisitions resulting in a portfolio with realized and unrealized
enterprise values totaling approximately $9.2 billion.
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