Silver Lake Waterman has provided $20 million in funding to Science Inc. Based in Los Angeles, Science builds, buys and invests in media and ecommerce companies.
MENLO PARK, Calif. and SANTA MONICA, Calif., Feb. 18, 2015 /PRNewswire/ — Science Inc., a Los Angeles-based startup studio that operates and invests in media and e-commerce companies, and Silver Lake Waterman, today announced that the company has raised $20 million in growth financing from Silver Lake Waterman. Focused on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries, Silver Lake Waterman is part of Silver Lake, the global leader in technology investing.
Science builds, buys, and invests in companies in the media, content and marketing industries, bringing a range of relevant industry knowledge and technical capabilities to support growth and transformation. Since its founding in 2011, Science has funded, built and acquired more than 37 early-stage companies. Recent acquisitions include mobile learning platform Hiq, legacy content discovery service Delicious and mobile advertising network Playhaven. With this latest round of funding, Science will continue to enhance its centralized technology platform that enables rapid scaling of its portfolio companies.
“We are thrilled to welcome Silver Lake to the Science team. Their expertise, track record and resources will help us accelerate our growth and the development of the most engaging and valuable companies of the future,” said Michael Jones, CEO and founder of Science. “Science continues to grow with an eye towards solving consumers’ everyday needs across commerce and media, and helps brands leverage the marketing power of the most ubiquitous social media platforms like Instagram, YouTube, Pinterest and more.”
“Science has built an impressive portfolio and a unique technology platform to create and scale successful media and e-commerce brands,” said Shawn O’Neill, Managing Director and Co-Head of Silver Lake Waterman. “We’re excited to partner with the team at Science and help position the company for continued innovation and further expansion in fast-growing verticals like mobile content and marketing.”
About Science Inc.
Science Inc. builds, buys and invests in disruptive media and ecommerce companies. Science uses its centralized technology and marketing platform, along with its operational leadership to create category-leading digital companies. Science systematically scales Internet brands and media companies into market leaders through a proven process. Since 2011, Science has backed more than 13 startups, and internally built more than twenty-four companies across commerce, marketplaces, media, and mobile sectors. For more information, visit www.Science-Inc.com or follow us @ScienceInc.
About Silver Lake Waterman
Silver Lake Waterman is part of Silver Lake, the global leader in technology investing with over $23 billion in combined assets under management and committed capital and a team of approximately 110 investment and value creation professionals located around the world. Silver Lake Waterman focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries. For more information about Silver Lake Waterman and Silver Lake, please visit www.silverlake.com.