NewsCred, a developer of a single personalized platform for news, has acquired US-based Daylife, a cloud-publishing tool, which has raised more than $13m in funding from US-based photo licensing company Getty Images and venture firms Arts Alliance Ventures and Balderton Capital.
No financial information about the deal has been disclosed, however NewsCred, which was founded in 2008, did recently disclose $1.8m in new financing in their current SEC filing. NewsCred’s backers include FirstMark Capital, Lerer Ventures, AOL Ventures, the corporate venturing unit of the US-based media and search company, and Advancit Capital. Last year NewsCred raised $4m in Series A funding led by AOL Ventures.
Shafqat Islam, founder of Newscred, said: “Daylife has long been a pioneer and has led the market with their innovative tools. They were early innovators in the content technology space, so it’s exciting that we can join forces and cement NewsCred’s place as the leading content marketing and syndication platform.”