Crowdynews, a Netherlands-based developer of social media curation technology for media companies, has closed a €6.2m ($7m) series A round yesterday featuring media group Singapore Press Holdings (SPH).
Venture capital firm Inkef Capital led the round’s €2.5m first tranche, which also included SPH, in January 2015 and returned to lead the extension. SPH participated in the round through its New Media Fund.
Founded in 2010, Crowdynews has built a platform that supplies social media content from services including Twitter, Facebook, Instagram, YouTube and Vimeo to news media organisations. The funding will support international growth and product development.
Jeroen Zanen, co-chief executive of Crowdynews, said: “This extension funding will be important for the company’s next phase.
“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.”