By Shafqat • NewsCred Blog • Nov 30, 2011
Later today, I'll be speaking at the Business Insider Ignition conference about how NewsCred is reinventing news syndication – helping publishers and brands get their content everywhere and profit. We've been hard at work for the past couple of years building a transformative business in a challenging industry, and we're happy to finally take the covers off today!
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.
NewsCred was founded 3 years ago with the vision to reinvent the news: how it's sourced, licensed, distributed and paid for.
Technology has redefined journalism in every way, creating a huge need and opportunity for the industry.:
We solve all of these problems. We believe that everyone should have access to quality journalism. With over 700 of the world’s highest quality news sources – ranging from international newspapers to bloggers and independent magazines – we provide publishers and brands with fully licensed, full text articles, photos and videos from sources like The Economist, Forbes, Telegraph, The Guardian, McClatchy/Tribune Newspapers, Bloomberg, Reuters, the LA Times and more.
By sourcing and licensing amazing content across all subjects and from a huge range of voices and perspectives, we’ve created a single platform for the world’s best editorial. In doing so, we're delivering millions of dollars of revenue back into the news ecosystem, and helping an important industry find new models to not just survive, but thrive.