Sourcepoint, a New York – based content compensation platform for premium digital publishers, closed a $16m Series B funding round.
The round was led by Northzone with participation from existing investors Spark Capital, Foundry Group, Accel Partners, and Greycroft Partners. In conjunction with the funding, Pär-Jörgen Pärson, partner at Northzone, will join Sourcepoint’s board.
The company, which has raised $26m in total funding, intends to use the capital to further develop the platform and expand its presence, mainly across Europe.
Founded in June 2015 by CEO Ben Barokas, Brian Kane, Geir Magnusson Jr., and Jeroen Seghers, Sourcepoint provides premium publishers with content compensation alternatives that foster more open, balanced and transparent value exchanges with consumers.
Working with international publishers including Dennis Publishing, Gruner & Jahr, AOL, and Nyheter24, the company identifies monetization challenges – including the use of ad block software – and provides solutions to engage with audiences on compensation choice.
Sourcepoint has offices in London, Berlin, and Seattle.