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NextIssue
Texture - Unlimited Access to Digital Magazine Subscriptions - Free Trial
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.
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.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Mar 2018 | $0 | — | Apple | — |
| LATE VCOther financing | Dec 2014 | $50M | $200M | Undisclosed | — |
Growth signals
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.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Other known investors1 additional known investor
Apple
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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