Blendle, a Dutch journalism startup, raised €3m in Series A financing.
The round was led by Axel Springer Digital Ventures and The New York Times Company.
The company intends to use the funds to roll-out its service to several European countries within the next two years.
Founded in 2013 by two 27-year-old former journalists Alexander Klöpping and Marten Blankesteijn, Blendle operates a digital kiosk (blendle.nl) selling individual articles from newspapers and magazines to internet users.
On Blendle, launched six months ago, people can discover and read articles from all Dutch newspapers and magazines, only paying for the individual articles they read. On average an article costs 20 cents. The pricing per article is set by the publishers and revenues are split 70:30 between the publisher and Blendle.
Today, Blendle has more than 130.000 registered users.