Online publisher secures investment
December 27, 2015 Websites
Phoenix Digital Publishing, the UAE-based publisher of Your Food Mag has completed its first round of angel funding to support and accelerate its growth.
The investment was led by Mulverhill Associates, a Dubai-based investment and advisory firm focused on the Middle East.
Jonathan Hall, Managing Director of Mulverhill Associates said: "We are delighted to join forces with Nick and the team at Phoenix Digital. There is no doubt that we are all consuming ever more content online and we are also firm supporters of the need for more local media titles that are focused on generating great articles and information that reflect our market and lifestyles."
Phoenix Digital was established in May 2015 and launched its first online magazine, Your Food Mag, in August 2015. The title offers a comprehensive look at food topics in the UAE, including regional food trends, reviews of restaurants, seasonal recipes and interviews with industry leaders. It is available in Arabic, English, Hindi and Tagalog, and in the iTunes and Android app stores.
Nick Lowe, CEO and founder of Phoenix Digital, said "In addition to Your Food Mag, we are focused on developing a portfolio of digital titles that will deliver exciting, relevant and unique content to our fast growing audience of viewers. Being fully digital means that we can be totally dedicated to the quality of our publications and don't need to worry about how they reach our readers. We are also completely independent and so can tailor our work to the interests and needs of this community."
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