Dutch startup Crowdynews raises €2.5M to fund global expansion

crowdynewsCrowdynews, a Dutch social-media curation platform geared towards media companies, announces that they have pulled in 2.5 million Euro in funding in a Series A, per a press release from the company. The funding, which was obtained from Dutch VC fund INKEF Capital and Singapore Press Holdings, through its New Media Fund, will be aimed at facilitating the company’s expansion and partnerships with newspapers and other media companies. In particular, the company plans to partner with outlets like the Chicago Tribune, Washington Times, NBA.com, Accuweather, and others.

Crowdynews was founded back in 2010 and functions by gathering photos, videos, and posts from services like Twitter, Instagram, Facebook, and Vimeo to aid media outlets in crafting more complete narratives.. Edwin Kuipers, who co-founded the company, was inspired by the landing of the plane in the Hudson River, an incident which generated a considerable amount of buzz on social media. The goal became to find a way to collect the best content relating to events like that and to integrate them into traditional news stories. Crowdynews makes use of natural language processing in order to achieve a higher rate of relevancy in more than 25 languages.

Leave a Reply