Compass News, a New York, NY-based app designed to give users an informative digest of the day’s news, secured $1M in seed funding.
The round was led by Bloomberg, Matter VC (backed by Google News Lab and the New York Times), Hambro Perks VC and Charlie Songhurst (from Katana Capital).
The company intends to use the funds to launch in the U.S. market.
Led by Matilde Giglio, Compass News is a curated news app for millennials. Powered by an AI editor, called Emma, the app is able to choose the best global politics, current affairs, business, finance, technology, and entertainment news published everyday to summarize analysis and commentaries in 3 bullet points, making news digestible.
The Compass News app is currently available to download on iOS and Google Play. Launched 9 months ago in the UK, the currently boasts more than 50,000 subscribers on the platform.