12 September 2013 – NewsWhip, a past Dublin BIC client, has secured US$1.1m in funding from a consortium of European and US investors.
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 joined investors in the round to include Hal Philipp of Meridian Growth Capital and Shane Naughton of Inundata, who both contributed to a previous angel round of investment for NewsWhip.
The company, whose Spike technology is used by media professionals all over the world, plans to open a new office in New York City.
NewsWhip will also use the investment to continue to develop its Spike platform to keep newsrooms ahead of the curve on trending news and will be updating its main website, as well as its Android and iPhone apps.
Source: John Kennedy – Silicon Republic – 12.09.2013