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Supportive venture capital
Meridian will be joined by The Associated Press, 500 Startups, Tribal.vc, Matter, Social Stars, the SaaS Syndicate and UK Technology Syndicate after NewsWhip complete a funding round totalling over $1.6m.
NewsWhip plan on using the funding to develop the next generation of their platform; making it even better at tracking, predicting and understanding the sharing of news stories and other viral content. The funds will also be used to grow the company’s US business development team, adding at least 15 new jobs between their HQ and New York offices – doubling the team size.
Aside from the capital, the fundraise has helped to add new people to the community of investors that NewsWhip have been cultivating – bringing new knowledge, contacts and experience to the mix.