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NextIssue

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Texture - Unlimited Access to Digital Magazine Subscriptions - Free Trial

Palo Alto, United StatesFounded 2009Consumer Services
Valuation $100–500M Latest valuation · 2014
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for NextIssue and the history behind them.

About NextIssue

Next Issue Media was formally established in 2010 as a joint venture by a consortium of major publishing houses: Condé Nast, Hearst Magazines, Meredith Corporation, News Corp, and Time Inc. Rogers Media from Canada later joined the effort. This collaboration of industry giants was a strategic move to create a unified front in the burgeoning digital media landscape, aiming to build a "Hulu for magazines". The company’s core offering was a digital magazine application, initially launched in 2012 under the name Next Issue.

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The business operated on a subscription-based revenue model. For a flat monthly fee, typically starting at $9.99, users gained unlimited access to a vast catalog of over 200 magazines. This all-you-can-read approach provided a cost-effective alternative to purchasing individual print or digital issues, targeting avid magazine readers. The application was available across multiple platforms, including iOS, Android, and Kindle Fire HD, ensuring broad accessibility for consumers. The service aimed to replicate the print experience digitally while enhancing it with features like offline reading and a personal library for favorite articles.

A significant milestone occurred in September 2015 when the company rebranded its service from Next Issue to Texture. This relaunch was more than a name change; it introduced a reimagined user experience focused on content discovery. New features like 'Curated Collections' and 'Top Stories' were designed to help users navigate the extensive archive of over 500,000 stories and discover content beyond their usual reading habits. By December 2014, the venture had secured $50 million in financing from KKR, signaling strong investor confidence. The final chapter for the company came in March 2018, when Apple Inc. announced its acquisition of Texture for an undisclosed sum. Following the acquisition, Apple integrated the service into its own ecosystem, eventually launching Apple News+ in March 2019. Texture was officially discontinued on May 28, 2019, with its technology and content catalog forming the foundation of Apple's new subscription news service.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2009
Headquarters
Palo Alto, United States
Employees
22
Open positions
None listed
Dealroom signal
27.3/100
Industry
Media
Sub-industry
Publishing
Sector
Consumer Services, News and Magazines
Client focus
b2c
Investment activity
1 company, latest Jun 2022
Capital deployed
$8M
Preferred round
SEED

Latest news

Press, funding announcements and product moves mentioning NextIssue.

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Mar 2018 $0 Apple
LATE VCOther financing Dec 2014 $50M $200M Undisclosed
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

NextIssue website traffic

Latest recorded traffic for NextIssue is 190 monthly website visits, down 85.4% over the last three months. NextIssue's team grew 0% over the past year.

Latest monthly visits190 3-month web change-85.4% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Other known investors1 additional known investor

  • Apple
Team profiled 22 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NextIssue on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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