O'Shaunessy Ventures Bets $100K on Spanish-Language Literary Platform Perpetuo
Event summary
- O'Shaunessy Ventures awarded a $100K fellowship to José Luis Sabau to expand Perpetuo, a Spanish-language literary magazine.
- Perpetuo reaches 40,000 readers monthly and has published over 300 writers since its 2025 launch.
- Sabau previously received a grant from OSV to help launch Perpetuo.
- OSV plans to award up to 20 fellowships in 2026.
The big picture
O'Shaunessy Ventures' investment in Perpetuo reflects a broader trend of institutional backing for niche digital media properties targeting non-English language markets. With Spanish being the second most spoken language globally, Perpetuo's potential to become a dominant platform could reshape how Latin American and Iberian literary content reaches international audiences. The fellowship model also signals a shift in creative funding towards outcome-based grants rather than traditional publishing advances.
What we're watching
- Market Expansion
- Whether Perpetuo can scale its readership beyond current 40,000 monthly users into a truly global Spanish-language literary platform.
- Content Differentiation
- How Perpetuo will position itself against established Spanish-language publications like El País and Politico in attracting top-tier writers.
- Fellowship Impact
- The pace at which OSV's fellowship program can produce measurable outcomes for its portfolio of creative ventures beyond Perpetuo.
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