Vox Media was founded in 2003 by Jim Bankoff and Trei Brundrett. As of late 2021, the company has agreed to a merger with Group Nine. While Group Nine recently formed its own SPAC, Vox Media will not gain control of the SPAC as part of the deal. The Observer reports that CEO Bankoff said in a memo that "Vox Media has no 'immediate plans' to go public, but did not rule it out." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Vox Media is a major media company with a family of brands that includes Vox, New York Magazine, The Verge, Polygon, Eater, and others. The company has made 13 acquisitions since its founding, the most recent being the Group Nine merger that placed 75% of the company under the control of Vox Media. Vox Media has raised over $300 million in funding from investors including NBC Universal, General Atlantic, SV Angel, Next Play Ventures, and Khosla Ventures. At the end of the company's latest funding round, Vox Media had a post-money valuation of $1 billion.