NEW YORK--(BUSINESS WIRE)--Dave Famolari has been named managing director for Hearst Ventures. The announcement was made by Scott English, Hearst Ventures senior managing director and head of U.S. investments, to whom Famolari will report.
Famolari comes to Hearst from Verizon, where he served as a director of the ventures arm of the company since 2013. During his time at Verizon Ventures, Famolari oversaw investment portfolio expansion across industries, technologies and market sectors, including investments in Beamr, FanDuel, Playsight, PrecisionHawk, Skyward and Swiftmile.
“Dave brings a wealth of experience to the Hearst Ventures team,” English said. “As we continue to grow and diversify our investment portfolio, we’ll benefit from his eye toward innovation across industries.”
The Hearst Ventures team is continuing to expand its reach domestically and internationally. Famolari will be based out of Hearst Tower in New York City, joining Darcy Frisch, managing director of Hearst Ventures. Along with Frisch, he will focus on U.S.-based investments.
Hearst Ventures international activities are led by Ken Bronfin, senior managing director and head of international investments. The international team includes Megumi Ikeda, managing director and general manager, Hearst Ventures Europe; Katie Hu director and general manager, Hearst Ventures China; and Gil Canaani director and general manager, Hearst Ventures Israel.
“Hearst Ventures is known throughout the venture capital investment community as being a leader in strategic portfolio building within the media and technology industries,” Famolari said. “I am very excited for the opportunity to join this team.”
Famolari received a master’s in business administration from the Wharton School of the University of Pennsylvania in addition to master’s and bachelor’s degrees in electrical engineering from Rutgers University.
Hearst is one of the nation's largest diversified media, information and services companies with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; majority ownership of global ratings agency Fitch Group; Hearst Health, a group of medical information and services businesses; 30 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, Calif., which reach a combined 19 percent of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Albany Times Union, nearly 300 magazines around the world including Cosmopolitan, ELLE, Harper's BAZAAR and Car and Driver; digital services businesses such as iCrossing and KUBRA; and investments in emerging digital and video companies such as BuzzFeed, Vice, Complex Networks and AwesomenessTV. Follow us on Twitter @HearstLive and @Hearst, and subscribe to Hearstlink.
About Hearst Ventures
Hearst Ventures makes strategic investments in companies operating at the intersection of media and technology. Starting with its investment in Netscape in 1995, Hearst Ventures has grown to become one of the most active and successful corporate venture funds. Notable investments include Pandora, Brightcove, XM Satellite Radio, E Ink, Sling Media, Exodus, Broadcast.com, Hootsuite, IGG, Spartan Race and Buzzfeed. Hearst Ventures (hearstventures.com) is a unit of Hearst, one of the nation’s largest diversified media and information companies.