Concept.io, the developer of Swell, an iOS app that delivers an audio stream of up-to-date, curated news and information, closed a $5.4 million round of funding, led by Draper Fisher Jurveston. Google Ventures, InterWest Partners, Correlation Ventures, and Draper Nexus Ventures also participated in this round.

Swell is powered by an advanced algorithm that delivers content in a lean back format designed with a simple goal: serve content that you want to listen to right now. The algorithm evaluates content with a formula that combines many factors.