NewsCred, a NYC-based content marketing and syndication platform, raised $15m in funding.
The round was led by Mayfield Fund, with participation from new investor Greycroft Partners and existing investors FirstMark Capital and IA Ventures. In conjunction with the funding, Rajeev Batra, Partner at Mayfield Fund, will join NewsCred’s board.
The company intends to use the capital to scale the development of its products and technology.
Founded in 2008 by CEO Shafqat Islam, Iraj Islam and Asif Rahman, NewsCred provides brands and publishers with a content marketing and syndication platform that allows them to access to fully-licensed articles, images and video from more than 2,500 world-class sources.
The company, which has offices in London and Dhaka, builds custom content solutions with speed and scale – from niche editorial sections and thought leadership portals to social media and email marketing campaigns.