Crowdynews, a leading social media curation platform based in Groningen (Netherlands), 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 Series A funding to €6.2 million. The fresh capital 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. He continued: “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, which was founded in 2010, 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 a better reader engagement, lower costs, and new ways to monetize audiences. If you want to learn more abot Crowdynews’ offerings, check out the video below this article.
Robert Jan Galema from the investor INKEF Capital, which led the funding round, stated: “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.”