Justin Smith and Ben Smith. (Courtesy of Semafor)
When Ben Smith and Justin Smith launched Semafor in the fall of 2022, they entered the arena with big ambitions and $25 million in investor backing. Less than a year later, in May 2023, they announced another $19 million in funding, roughly half of which replaced a high-profile investment from disgraced crypto mogul Sam Bankman-Fried. Since then, the nearly three-year-old startup has largely stayed quiet on the fundraising front, opting to grow without tapping outside capital.
But that may soon change. I’m told Semafor is now…
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