NewsCred Raises $15 Million
NewsCred is a company that works with brands and publishers achieve content goals. NewsCred launches content marketing campaigns with creativity and scale for brands. NewsCred helps publishers drive revenues by attracting advertisers for their brands.
NewsCred currently works with companies like Forbes, Associated Press, CNN, Reuters, Mayo Clinic, Variety, etc. NewsCred has raised $15 million in funding led by Mayfield Fund with participation from Greycroft Partners, FirstMark Capital, and IA Ventures. NewsCred is profitable and they saw their revenue increase 11-fold. They also saw a 570% increase in new customers.
NewCred helps brands like Pepsi and GE get access to premium content. NewsCred handles all of the licensing and payment details with the publishers. NewsCred plans on using the capital to continue growing their newswire service for clients.
Based in New York, NewsCred started in 2008 and raised $750,000 in seed capital from Floodgate, IA Ventures, and Naval Ravikant. That was followed up with a $4 million series A round of funding led by FirstMark Capital, Lerer Ventures, AOL Ventures, and Advancit Capital. NewsCred has raised a total of nearly $20 million in funding thus far according to VentureBeat.