TechFlow News, January 4 — According to TheWrap, news media company Semafor plans to return the investment it received from SBF. In June 2022, Semafor completed a $25 million seed funding round, with participants including David Bradley, former head of The Atlantic; Jessica Lessin, CEO of The Information; Jorge Paulo Lemann, co-founder of 3G Capital; and SBF. However, the company declined to disclose how much SBF invested, stating only that SBF did not receive equity in the company.
A spokesperson for Semafor said the company is cooperating with legal and government authorities to ensure that SBF's creditors receive "the most ethical and responsible outcome." It is understood that the investment funds came from SBF personally, rather than from FTX or its affiliate Alameda Research.Original link
