The two founders of US-based media company News Corporation’s incubator have set up their own business without their former employer’s public backing.
Diego Berdakin and Josh Berman previously led News’s Slingshot Labs but left in April. They have just gained $5m in seed money from two venture capital firms for their start-up, BeachMint, according to news provider TechCrunch.
The news provider said BeachMint would develop social ecommerce websites catering to different sectors. The investors were New Enterprise Associates and Anthem Venture Partners.