Sam Bankman-Fried contributed to a $25 million funding round for Semafor. Now the news outlet intends to 'redeem' the investment, report says.

Jan 5 2023 by Business Insider

 
Sam Bankman-Fried

REUTERS/Andrew Kelly

Sam Bankman-Fried invested an undisclosed amount in media startup Semafor's $25 million funding round last year.  Now Semafor intends to "redeem" the investment, by giving it back, TheWrap reported. The buzzy startup launched just three months ago, and its CEO said Bankman-Fried never held editorial influence.

Semafor, the buzzy media startup that launched three months ago, received an investment from FTX founder Sam Bankman-Fried last year as part of a...

Continue Reading Sam Bankman-Fried contributed to a $25 million funding round for Semafor. Now the news outlet intends to 'redeem' the investment, report says.