6AM City

6AM City

6AM is developing a scalable network of hyper local media properties driven by a core daily newsletter product.

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$2.2m

Debt
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20182019202020212023
Revenues00000000000000000000
% growth-101 %29 %39 %-
EBITDA00000000000000000000
Profit00000000000000000000
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Dealroom estimates

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More about 6AM City
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6AM City, Inc. operates as a local media company, strategically positioning itself as an 'audience-first' entity. The company was established in 2016 by Ryan Johnston and Ryan Heafy. The founders' backgrounds are rooted in digital media and community building; Johnston previously worked with community newspapers, while Heafy had experience in digital marketing and web development, which provided a solid foundation for developing a scalable, tech-driven media platform.

The core of 6AM City's business is the creation and distribution of daily email newsletters tailored to specific cities, designed to be read in approximately five minutes. These newsletters serve as a primary driver of local conversation by curating and summarizing the most relevant local news, events, and happenings. The content is crafted to be engaging and easily digestible, targeting a demographic of civically-minded individuals who are keen to stay connected with their communities.

The company's revenue model is diversified, primarily relying on advertising revenue generated from its newsletters and website. It offers various advertising products that allow local and national businesses to reach its dedicated readership base. The business model is built on scalability, with a centralized team creating processes and technology that enable local writers and market producers to launch and operate in new cities efficiently. This approach has allowed for rapid expansion into numerous markets across the United States, including cities like Greenville (GVLtoday), Columbia (COLAtoday), and Austin (ATXtoday).

A significant milestone in the company's trajectory was securing a Series A funding round of $5 million, led by Tegna Inc. This capital infusion was earmarked for accelerating its expansion into 100 U.S. cities and further developing its technology platform. The company's product is the daily newsletter itself, which acts as a modern-day digital town square, fostering community engagement and providing a vital information channel for residents. By focusing on a hyper-local strategy powered by a scalable infrastructure, 6AM City has carved out a distinct niche in the evolving local media landscape.

Keywords: local media, daily newsletters, community engagement, digital advertising, hyper-local news, media technology, audience development, city guides, content curation, local marketing

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Investments by 6AM City

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Austonia
ACQUISITION by 6AM City Dec 2022