NewsCred raised a $4M Series A led by FirstMark Capital, with participation from Lerer Ventures, AOL Ventures and Advancit Capital. Media company delivers platform for global news.
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NEW YORK, NY, NewsCred is a New York based media company focused on creating a single platform for the world's news.
The firm has partnered with the leading content providers to offer the best full-text content from traditional publishers to industry blogs. Publishers use NewsCred's platform and curation tools to create rich multimedia experiences for web and mobile, increasing ad inventory and sponsorship revenue.
FROM THE COMPANY BLOG:
"We're also excited to announce that last month we raised a $4M Series A led by FirstMark Capital (Amish Jani), with participation from Lerer Ventures, AOL Ventures and Advancit Capital. In fact, this is our second institutional round: last September, we raised a $750K seed round from FLOODGATE, IA Ventures and Naval Ravikant. All our existing investors participated in our Series A as well. We never announced the original seed round because I think funding announcements are akin to celebrating at the starting line of a marathon. Instead, what we're announcing today is something bigger - backed by an incredible team of 25 passionate colleagues, 10 investors, 700+ content partners and thousands of journalists, we're changing the way we connect audiences with high quality journalism."