# Media Development Investment Fund

> Media Development Investment Fund is a VC fund backing News and Digital Media. See 18 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New York, United States
- Total investments: 18
- Last investment: Feb 2025
- Lead investor: 83%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/media-development-investment-fund/
- X (Twitter): https://twitter.com/mdiforg
- Website: http://www.mdif.org
- Facebook: https://www.facebook.com/mdiforg/

Media Development Investment Fund is a not-for-profit investment fund, providing debt and equity financing to independent media businesses in countries with a history of media oppression. Its affordable financing and technical assistance help independent news outlets build sustainable businesses around quality news and information.Since providingits first loan in 1996, MDIF has provided more than $345.7 million in affordable financing, including $284 million in loans and equity investments, $61.1 million in technical assistance and other grants, earned $77.5 million in interest, dividends and capital gains, collected $145.9 million in recovered principal invested.Media Development Investment Fund has invested in 161 clients across 47 countries. It ended March 31, 2026, with a portfolio of $109.6 million in assets under management allocated in 59 media businesses across 31 countries.

## Contacts

5 contacts available for Media Development Investment Fund. Shizune tracks 7 team members at Media Development Investment Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/media-development-investment-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $75k–$1.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| News | 8 | 44% |
| Digital Media | 5 | 28% |
| Media and Entertainment | 5 | 28% |
| Publishing | 3 | 17% |
| Software | 2 | 11% |

38 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 33% |
| Venture - Series Unknown | 6 | 33% |
| Pre-Seed | 1 | 6% |
| Series A | 1 | 6% |
| Series B | 1 | 6% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Brazil | 2 | 11% |
| Indonesia | 2 | 11% |
| Egypt | 1 | 6% |
| India | 1 | 6% |
| Poland | 1 | 6% |

13 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Elena Popovic | Secretary and General Counsel | 0 | https://shizune.co/investors/profile/elena-popovic |
| Jim Egan | Chief Investment Officer | 0 | https://shizune.co/investors/profile/jim-egan |
| Marie Nemcova | Chief Operating Officer | 4 | https://shizune.co/investors/profile/marie-nemcova |
| Mohamed Nanabhay | Senior Advisor and Investment Committee Member | 13 | https://shizune.co/investors/profile/mohamed-nanabhay |
| Patrice Schneider | Chief Strategy Officer | 0 | https://shizune.co/investors/profile/patrice-schneider |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Egab | Egab specialize in solutions journalism. Egab helps local journalists to publish in reputable media outlets. |  | Pre-Seed | Feb 19, 2025 |  |
| Hukumonline.com | PT Justika Siar Publika or known as Hukumonline.com was founded by prominent law observers at the beginning of the reform era. It was initiated to provide education and enlightenment to the public about the world of law in Indonesia. Facing the disruption era, Hukumonline.com transformed into a reg-tech company that provides the most complete,integrated and trusted legal products and services with the use and use of technology. |  | Series B | Jan 29, 2024 |  |
| PumaPodcast |  |  | Venture - Series Unknown | Apr 28, 2023 |  |
| THE CURRENT | THE CURRENT is Pakistan’s first digital news-lifestyle platform that simplifies news for Pakistani millennials. |  | Venture - Series Unknown | Apr 28, 2023 |  |
| Hashtag Our Stories | Hashtag Our Stories is a social-first, video publisher, focused on stories about local solutions to global problems. Traditional news media lacks diversity, has a bias for negativity and is missing the big trends. The company saw a different way of telling stories through empowering mobile storytelling in every language. |  | Venture - Series Unknown | Apr 28, 2023 |  |
| Datasketch | App store of data science | $500K | Seed | Dec 15, 2021 |  |
| Dataphyte | Dataphyte is a media and data analytics company that provides products and services, such as data journalism and data-driven investigations, to help the public and private sectors generate value from data and socio-economic insights. |  | Seed | Dec 02, 2021 |  |
| Zitamar News | Zitamar News is an English language investigative news website and newsletter. | $100K | Seed | Dec 02, 2021 |  |
| Petit Press | Petit Press, as is one of the most important publishers in Slovakia. It provides a wide range of multimedia products and services. The portfolio of printed periodicals includes more than 30 central and regional titles with a weekly sales volume of over 545,000 copies. Digital media is represented in particular by the most visited news portal SME.sk, which has almost 2.3 million visitors per month . |  | Venture - Series Unknown | Apr 22, 2021 |  |
| Insajder | Insajder enters adulthood and a phase of development with an even more ambitious project. The creation of a multimedia platform that includes a cable TV channel and the development of different media platforms. |  | Debt Financing | Jan 29, 2021 |  |

10 of 18 investments shown.

## Co-investors
- [Digital News Ventures (MDIF Fund)](https://shizune.co/investors/profile/digital-news-ventures) — VC Fund, 2 deals together
- [EDP Ventures](https://shizune.co/investors/profile/edp-ventures) — VC Fund, 2 deals together
- [North Base Media](https://shizune.co/investors/profile/north-base-media) — VC Fund, 2 deals together
- [NXTP Ventures](https://shizune.co/investors/profile/NXTP-Ventures) — VC Fund, 2 deals together
- [Calm Company Fund](https://shizune.co/investors/profile/calm-company-fund) — VC Fund, 1 deal together
- [Emerging Media Opportunity Fund I (EMOF I)](https://shizune.co/investors/profile/emerging-media-opportunity-fund-i-emof-i) — VC Fund, 1 deal together

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## FAQ

### What does Media Development Investment Fund invest in?

Media Development Investment Fund invests primarily in News, Digital Media and Media and Entertainment startups, most often at Seed and Venture - Series Unknown stage. Most of the 18 investments tracked by Shizune back companies in Brazil. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Media Development Investment Fund's check size?

Media Development Investment Fund typically joins rounds of $75k–$1.5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Media Development Investment Fund participates in.

### How do I contact Media Development Investment Fund?

Public channels for Media Development Investment Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Media Development Investment Fund?

The team at Media Development Investment Fund includes Elena Popovic (Secretary and General Counsel), Jim Egan (Chief Investment Officer) and Marie Nemcova (Chief Operating Officer), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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