Newsy raises $2 million

Newsy, a division of Media Convergence Group, has raised its second round of funding of $2 million. Newsy is a multisource video news service that analyzes the world’s news coverage – highlighting the key differences in reporting. Newsy operates Newsy.com – its mobile offerings include an iPad app, as well as apps for Android-based smart phones and Intel Atom-powered netbooks.

The funding, raised from angel investors, “will allows us to build revenue, distribution and marketing partnerships; grow our news operations; and deliver a remarkable product for our viewers and our customers,” said Newsy President Jim Spencer.

Locations: USA, Columbia, MO
Sectors: Internet
Ref: F231109-418

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