Too Long; Didn't Read
Genesis Investments VC-fund based in Kyiv, Ukraine, joined the $1M Seed Round led by Coil, the web monetization solution provider, with a $150 000 investment amount, after a $350 000 investment in Hacker Noon. Hacker Noon is the first American startup in the Genesis Investments’ portfolio. For the first time, digital media surpassed traditional media from 2011 to 2020, as well as traditional media. Digitalization makes production easier, changes the cost structure and opens up new monetization opportunities. By 2021 we expect the market to start exploding again, reaching $2.5 trillion.