Angels Support Growing Hyperlocal Media
Knoxville, TN; February 4, 2024 – Marble City Angels and Music City Angels, part of the Community Equity Partners network of angel groups and venture funds, invested in the Series A round for 6AM City, Inc.
"There have been many attempts to create business models for hyperlocal media, but none like 6AM City,” said Eric Dobson, the Managing Partner of Community Equity Partners (CEP). According to Dobson, 6AM City provides have “cracked the code” on capturing and delivering hyperlocal news, commerce, and entertainment. “I have never seen anything like this before,“ said Dobson.
“6AM City came to us several years ago with a great proposition for tapping into an unmet need for hyperlocal media,” declared Dobson, noting that this is the type of venture CEP seeks: great founding leadership, great brand, a strong growth plan, and a highly scalable business model. “The company has continued to grow smartly and on pace for as long as we have been part of it,” said Dobson.
6AM City is a hyperlocal medial company focused on activating communities through daily newsletters that aggregate the most positive, impactful local news and events. The service is live in 27 cities across the country and is set to further expand in 2024 and 2025.
Helping a local company like 6AM City meet its growth aspirations is the reason CEP exists. Innovation has moved off the coasts to the heartland. People work where they want to live—not the other way around. We are witnessing a resurgence of the economically sustainable community and the American dream.
ABOUT COMMUNITY EQUITY PARTNERS:
Community Equity Partners (CEP) is a syndicate of angel groups and funds between Knoxville and Nashville with plans to expand to three additional markets in 2024. The Network brings angel investors and entrepreneurs together in an environment that celebrates innovation, rewards strategic risk-taking, and promotes performance. CEP is the combination of two angel networks across the Midwest and Southeast and enjoys a 17-year history and has invested approximately $13M in 56 companies across a variety of market sectors. The portfolio has created hundreds of jobs and over a hundred million dollars in follow-on capital investments by other groups and funds. CEP has an established track record investing in technology companies in the US “Heartland” enjoying six exits from 2 – 6x in the last four years. To learn more about CEP visit https://www.communityequitypartners.co.