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Non-Profit Foundation
FINANCE | Investment Firms & Funds
mdif.org

Investments

30

Funds

1

Partners & Customers

1

About Media Development Investment Fund

Media Development Investment Fund (MDIF) invests in independent media around the world providing the news, information and debate that people need to build free, thriving societies.

Headquarters Location

37 West 20th Street Suite 801

New York, New York, 10011,

United States

212-807-1304

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Latest Media Development Investment Fund News

New MDIF Programme Backs Media Startups Across Southern Africa with Funding and Growth Support

Jul 24, 2025

New MDIF Programme Backs Media Startups Across Southern Africa with Funding and Growth Support As Southern Africa’s startup economy accelerates, the region’s independent media sector risks falling behind—underfunded, under pressure, and under threat. Enter Amplify Southern Africa, a new support programme by the Media Development Investment Fund (MDIF) designed to help media startups not just survive, but scale. Launched this month, Amplify offers bespoke mentoring, technical support, and targeted grants for independent media in South Africa, Zimbabwe, Zambia, Botswana, Namibia, and Lesotho. Its mission: build revenue, expand reach, and spark innovation where it’s needed most. From Surviving to Scaling “Independent media is critical infrastructure for democracy, but it’s often the least supported,” says MDIF CEO Harlan Mandel. “Amplify equips media entrepreneurs with the tools and strategy to build sustainable businesses—without compromising editorial integrity.” Tailored for early- to mid-stage media ventures with a product-driven approach, Amplify delivers: 1:1 Coaching with experienced media business mentors Revenue Innovation Support to unlock new income streams Audience Growth Strategy focused on reaching underserved markets Leadership and Workflow Development for lean, effective teams Targeted Grant Funding to boost execution and experimentation Networking Access to connect with fellow founders, funders, and media pioneers The model builds on the success of MDIF’s South Africa Media Innovation Program (SAMIP), which from 2017 to 2023 helped 27 independent outlets grow audiences, generate revenue, and launch products. Notable alumni include 263Chat in Zimbabwe, and Volume and Media Hack in South Africa, who used the programme to accelerate podcasting, data journalism, and rural news projects. Timing the Shift Amplify arrives as the region’s digital economy surges ahead, but media innovation lags behind sectors like fintech and e-commerce. According to a 2022 Global Investigative Journalism Network report, many African media organisations still rely heavily on donor funding and are slow to adopt tech-driven models. With mobile penetration above 95% in South Africa (ICASA, 2025) and rural communities still underserved, Amplify is pushing for a bold reset—prioritising digital-native storytelling, product innovation, and sustainable income models. Who Should Apply Time Commitment Able to engage meaningfully with mentors, workshops, and coaching tasks Applications are by invitation only, through a closed call to ensure alignment with the programme’s strategic objectives. Interested media founders or leaders should contact amplifysa@mdif.org or visit www.mdif.org for more information. Why It Matters Amplify Southern Africa isn’t just a grant—it’s a launchpad. For media startups operating in the region’s toughest markets, this could be the difference between shutting down and scaling up. South African outlets like Igunundu Press (indigenous language journalism) and Media Hack (public-interest data projects) have shown that sustainability is possible with the right mix of support and strategy. But the gap remains: a 2024 Media Monitoring Africa report found that only 15% of rural South Africans have access to reliable news. For Southern Africa’s media founders, the message is clear: the future belongs to those who can build resilient, revenue-generating platforms without losing sight of purpose. Amplify Southern Africa is here to help them do exactly that. Media Contact:

Media Development Investment Fund Investments

30 Investments

Media Development Investment Fund has made 30 investments. Their latest investment was in Hukumonline as part of their Series B on January 29, 2024.

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Media Development Investment Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/29/2024

Series B

Hukumonline

Yes

4

10/12/2023

PIPE

Wirtualna Polska

$1.39M

Yes

2

7/17/2023

Unattributed

Telegram Media Grupa

Yes

1

10/1/2022

Grant

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10

12/15/2021

Unattributed

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10

Date

1/29/2024

10/12/2023

7/17/2023

10/1/2022

12/15/2021

Round

Series B

PIPE

Unattributed

Grant

Unattributed

Company

Hukumonline

Wirtualna Polska

Telegram Media Grupa

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Amount

$1.39M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

2

1

10

10

Media Development Investment Fund Acquisitions

1 Acquisition

Media Development Investment Fund acquired 1 company. Their latest acquisition was Mail & Guardian on December 12, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/12/2017

$XXM

Acquired

3

Date

12/12/2017

Investment Stage

Companies

Valuation

$XXM

Total Funding

Note

Acquired

Sources

3

Media Development Investment Fund Fund History

1 Fund History

Media Development Investment Fund has 1 fund, including Media Finance I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/7/2019

Media Finance I

$13M

2

Closing Date

2/7/2019

Fund

Media Finance I

Fund Type

Status

Amount

$13M

Sources

2

Media Development Investment Fund Partners & Customers

1 Partners and customers

Media Development Investment Fund has 1 strategic partners and customers. Media Development Investment Fund recently partnered with Al Jazeera on .

Media Development Investment Fund Team

5 Team Members

Media Development Investment Fund has 5 team members, including current Chief Executive Officer, Harlan Mandel.

Name

Work History

Title

Status

Harlan Mandel

Open Society Foundations, and Morrison Foerster

Chief Executive Officer

Current

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Name

Harlan Mandel

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Work History

Open Society Foundations, and Morrison Foerster

Title

Chief Executive Officer

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Status

Current

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