Newswhip, a Dublin, Ireland-based news analytics and predictive monitoring platform, raised $13 million (€12.1 million) in funding.
The investment was from London-based AshGrove Capital, bringing to almost $25 million the total amount raised by Newswhip to date.
The funds will be used to fuel its growth plans and boost its product, increase its engineering team, and grow overall staff numbers by more than 50 percent in the next three years. The funding will allow NewsWhip to accelerate its mission to identify and predict the news, narratives, and ideas that shape the world each day for users, including Google, Meta, The New York Times, Samsung, and the BBC.
“We’re excited to bring AshGrove Capital on board as investors,” says NewsWhip CEO Paul Quigley. “Their team recognises the transformation underway in the communication profession, and the unique position NewsWhip has in enabling that transformation. We share a vision where NewsWhip is the real-time eyes and ears of every sophisticated comms department in the world.”
Newswhip helps clients to predict the news, unpack crises and issues, and understand which stories are engaging audiences on a global and local scale.
The company’s platform employs what it calls “extended intelligence,” allowing communications and media professionals to make better decisions and be more efficient with their time.
Company: NewsWhip Media Limited
Raised: $13.0M
Round: Unknown
Funding Month: February 2023
Lead Investors: AshGrove Capital
Additional Investors:
Company Website: https://www.newswhip.com/
Software Category: Real-time Media Monitoring
About the Company: Founded in 2011 by Andrew Mullaney and Paul Quigley, NewsWhip is a real-time media monitoring platform that predicts the stories and topics that will matter in the hours ahead. Newswhip’s main business is in tracking the spread of news stories and narratives across the web and social networks, using its technology to predict the stories that are likely to go viral. The Irish company works with clients from 80 countries around the world, and include PepsiCo, Google, Tinder, ConAgra Samsung, McDonald’s, Walmart, ABInBev, the Associated Press, Condé Nast, and the Washington Post, along with NGOs such as Amnesty International, Médecins Sans Frontières, and the World Health Organisation. Newswhip had 55 staff and its annual revenue for 2022 was $10.6 million, a significant milestone for the company.
Source: https://www.irishtimes.com/business/2023/02/14/newswhip-raises-121m-in-funding-to-grow-platform/ https://siliconcanals.com/news/startups/dublins-newswhip-grabs-12m/