14 May 2018 | Omidyar Network, the philanthropic investment fund of eBay-founder Pierre Omidyar, invests close to a million dollars in The Correspondent. The team of Omidyar categorizes the Dutch participation in its portfolio under the heading ‘Citizen Engagement’.
Including last year’s investments, The Correspondent has now raised 1.8 million dollars for its expansion into the US. The Correspondent will use the money to start up its US membership administration and editors and start an advertising campaign in the US. In addition, it receives help from the marketing agency that supported Barack Obama in his first election campaign.
VESPER Advocaten advised Omidyar Network on this transaction and congratulates De Correspondent on this important milestone.