Next Wave Investing

Three decades and an amazing track record. Investment – and involvement – in more than 70 digital media companies. Co-founder of pivotal digital media brands like Machinima, StyleHaul, DanceOn, INDMusic, MiTu and Tubular Labs – and a board member for many others.

Allen chose Loeb & Loeb to help him launch his latest project – venture capital fund Third Wave Digital – because we know digital media, too.

Third Wave Digital provides seed and early-stage capital investments to innovative digital media startups. While the fund is still in its infancy, it’s investing at warp speed – two deals per month on average.

What is Third Wave investing in? Multichannel networks, new video platforms, virtual reality, mobile-video convergence and influencer-driven advertising – sectors that are driving the “next wave” of business and innovation in media, marketing and entertainment.

Loeb & Loeb has operated in this same sweet spot for more than a century – with roots in entertainment and a reputation for negotiating a number of defining transactions throughout the convergence of technology and content.

Allen knew we were a natural partner to help in the Third Wave fund formation. We also work with him to structure deals with limited partners and advise on regulatory matters.

We’re partnering with Third Wave to help deploy its capital, too.

So far, we’ve worked on roughly a dozen investments for the fund. The firm handled Third Wave’s coinvestment with the Walt Disney Co. in Narativ, the influencer marketing network that helps turn popular Snapchat users into content marketers for top consumer brands. We also represented Third Wave in its investment in FameBit, the self-service digital marketplace that helps brands collaborate with influencers across YouTube and other social platforms.

In addition to our work with Third Wave Digital, Loeb & Loeb’s attorneys have met Allen across the negotiation table. We provided buy-side M&A counsel for European entertainment network RTL Group in its acquisition of a controlling stake in multichannel network StyleHaul, a company Allen cofounded and invested in.

Deal after deal, we’ve seen firsthand Allen DeBevoise’s profound influence on our changing media landscape. He’s not only riding the digital wave of the future, but also helping direct its course. At Loeb & Loeb, we’re thrilled to be a part of his team.