Crowdynews Completes Series A Extension Funding
INKEF Capital leads the round, with participation from new board members & advisors
INKEF Capital leads the round, with participation from new board members & advisors
GRONINGEN, Netherlands, Feb. 9, 2016 /PRNewswire-USNewswire/ -- Crowdynews, the world's largest social media curation platform, today announced that it has completed an extension to its Series A funding, led by initial Series A investor INKEF Capital. This brings the total funding for Series A to €6.2 million. Funds will be applied to the company's continued global expansion and product development efforts.
"This extension funding will be important for the company's next phase," said Jeroen Zanen, co-CEO, Crowdynews. "We believe these steps help guide us into the next stage of growth, which includes unlocking the potential in key markets like the US and UK, and bringing the Crowdynews solution to new users and new verticals."
Earlier in 2015, Crowdynews announced it had raised €2.5 million in Series A funding. Crowdynews provides social media curation solutions to general and special interest news sites around the world, enabling publishers to incorporate relevant, real-time, and safe social media content alongside their articles. The results are greater reader engagement, lower costs, and new ways to monetize audiences.
"We are pleased to lead this extension funding round to enable Crowdynews to continue to explore opportunities for growth," said Robert Jan Galema, Managing Director, INKEF Capital. "The company's growth over the past quarter and traction with key publishers in Europe, Asia, and Latin America give us confidence that the company is well positioned to crack open the US and UK markets, which are arguably the most sophisticated and competitive for publishers in terms of reader engagement and advertising."
About Crowdynews
Crowdynews is the world's largest social media curation platform, delivering social content to the news media market worldwide. We are the definitive one-stop shop for automating the inclusion of relevant, real-time, and safe social content from Twitter, Facebook, Instagram, YouTube, Vimeo, and more alongside editorial content. Using artificial intelligence & natural language processing, we enable our customers to tell "the whole story" by augmenting their own content with photos, videos, eyewitness reports, and opinions shared through social media. For more information, visit www.crowdynews.com or follow us on Twitter @Crowdynews.
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SOURCE Crowdynews
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