Hacker Noon, an Edwards, CO-based technology publishing platform, raised $1M in strategic funding.
Coil, the San Francisco-based startup designed to help creators monetize content and provide a premium experience to consumers, made the investment. It paid $11.35 per share, valuing the company at $11.5M pre-money. Additionally, the companies signed a three year partnership focused on Web Monetization for contributing writers.
Founded in 2016 by David Smooke and Linh Smooke, Hacker Noon is a platform built for technologists to read, write, and publish. It is an open and international community of 12,000+ contributing writers publishing stories and expertise for 4,000,000+ curious and insightful monthly readers. Starting today, Hacker Noon Writers can now add their Web Monetization meta tag to their stories on Hacker Noon. Once enabled, Coil automatically streams micropayments to the writer’s wallet based on the amount of time Coil Members spend reading.