Crowdynews, a Groningen, The Netherlands-based social media curation platform for media companies, raised €2,5m in Series A funding.
The round was led by INKEF Capital with participation from co-investor Singapore Press Holdings (SPH) through its New Media Fund. As part of the investment, Robert Jan Galema from INKEF Capital will join the supervisory board of directors.
The company plans to use the funds for global expansion with media and newspaper companies.
Co-founded in 2010 by Edwin Kuipers and Jeroen Zanen, Crowdynews gathers social media posts, photos and videos from Twitter, Facebook, Instagram, Vimeo and other channels to augment traditional reporting with social media and engage readers. The multi-lingual platform, comprised of The Crowdynews Widget, Crowdynews Breaking Burner and Crowdynews Amplifinder, uses advanced technologies such as natural language processing and artificial intelligence to achieve increased relevancy rates in more than 25 languages.
Customers include the Chicago Tribune, Washington Times, AccuWeather, NBA, Sport.es, The Malaysian Insider, Philippine Star, and hundreds of media outlets around the world.