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Irish online news platform NewsWhip raises $1.1m in seed capital

16 Sep 2013

Ireland-headquartered online news platform NewsWhip has raised $1.1m in seed funding.

Investors included Hal Philipp of Meridian Growth Capital and Shane Naughton of Inundata, who both contributed to a previous angel round of investment for NewsWhip. They were joined by new incoming investors AIB Seed Capital Fund (managed by Dublin BIC), Enterprise Ireland and angel investor and entrepreneur Hannes Smarason, former CEO of Icelandair, and CBO of deCODE.

Following the investment the company with open a new office in. New York City, alongside a New York-based sales and communications team.

Paul Quigley, NewsWhip, said, “The investment will be used to further our mission of helping media professionals and consumers find the world’s most engaging stories each day. We will continue to develop Spike, which is now used by dozens of newsrooms to stay ahead of the curve on trending news. We will also be updating NewsWhip.com, and our Android and iPhone Apps.”

Eugene Smyth, investment advisor, Dublin BIC, added, “We are excited by the growth potential that NewsWhip has already shown. The publishing world is changing rapidly and is using a range of new toolsets to discover content. NewsWhip offers a piece of the pie that has been missing up to now, surfacing the fastest-breaking news on social media in real time.”

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