Indianapolis-based social media content platform Odyssey says a recent $25 million round of funding will allow it to further scale the business. One of the investors, serial tech entrepreneur and former Salesforce executive Michael Lazerow, says he hasn’t "been this excited about a new company since jumping into the Facebook ecosystem."
Odyssey, which targets Millennials, was founded in 2012 and boasts more than 30 million monthly unique visitors. To date, the company has raised $32 million. The most recent round of funding was led by Lazerow and Columbus Nova Managing Partner Jason Epstein. Both have joined Odyssey’s board of directors.
In November, Odyssey announced plans to invest nearly $15 million to expand its headquarters and create 90 jobs by 2017. At the time, the platform had a presence in more than 400 communities. The company says it now has a creater network of more than 10,000 Millennials in more than 900 communities. It currently has more than 100 fulltime employees, and says it is adding 15-20 new people each month across its offices in Indianapolis, New York, Los Angeles and Chicago.
Odyssey’s platform allows Millennials to write about ideas and issues that matter to them. The company says the concept allows that content to find "its most relevant audience" through social sharing.