Newsy Raises $1.5 Million in Series B Funding For Mobile News
Newsy, a multisource video news service that analyzes the world’s news coverage, announced today that it has closed a $1.5 million series B round led by a St. Louis-based private equity firm. The second round adds to the $2.75 million in funding Newsy has already raised, bringing total investment to $4.25 million.
The funding will be used to grow the company’s editorial, marketing and sales teams. As its name would suggest, Newsy is a news-destination service that monitors, analyzes, curates and presents the world’s news coverage. Through bite-sized 2 to 3 minute video segments, Newsy offers busy people a useful way to quickly consume the important news stories of the day from around the world.
Newsy also announced that its iPad, iPhone and iPod apps are now fully Airplay-enabled, allowing users to stream Newsy content to their Apple TV. Newsy’s iPad app is pretty cool (Apple just added it to its “Great Airplay-Enabled Apps”) and fellow TC writer Robin Wauters is a fan. The app enables you to flip through videos in a cover flow-type fashion, a la iTunes, drag and drop videos, and build customized playlists. You can also share videos through email and social networks like Facebook and Twitter.
Newsy definitely gives you an interesting look at the differences in how different global media outlets — from Al Jazeera to CNN and even blogs(!) — report the news and disseminate information. Worth a look.
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