Semafor banks $19 million in new funding as news startup is set to relinquish $10 million investment from Sam Bankman-Fried


Semafor, the digital new startup launched last fall, announced that it has raised $19 million in a new financing round, bringing its total raised to $34 million.

Semafor said the additional investments are an extension on the same terms of the company’s previous financing round. The new total also takes into account the repurchase of the approximately $10 million in funds from Sam Bankman-Fried, the former CEO of cryptocurrency company FTX whom federal prosecutors have charged with fraud, money laundering and campaign finance offenses. The funding from Bankman-Fried will be returned to FTX creditors as directed by officials, according to Semafor.

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