Qwoted, a NYC-based platform for journalists to connect with brands, small businesses and industry experts, raised $3m in seed funding.
The round was led by Third Prime with participation from Gaingels, Prosek Venture Partners and Vested, a consortium of communications firms including Integral, Caliber Corporate Advisers, Haymaker PR, FHS Partners and Red Lab, and additional investors Caleb Silver, Editor in Chief of Investopedia, David Siegel, CEO of MeetUp and Tom Rovak, Senior Advisor toFahrenheit 212.
The company intends to use the funds to enhance its technology capabilities and add premier talent to its sales, marketing and media success teams, to build brand awareness and onboard new customers.
Led by Daniel P. Simon, CEO & Co-Founder, Qwoted uses AI to connect the media with matching sources and PRs instantly, while sparing their inboxes from pitches that are not on target for their reporting, and providing ideas and experts for their work, all in one place.
The platform has nearly 40,000 users to date, including over 200 paying users such as IBM, Bank of America, Edelman, Weber Shandwick, BCW, University of Southern California and New York University.