Zenger News, an Austin, Texas-based digitally native wire service, closed a $10m seed funding round.
Backers included Jean-Guillaume de Tocqueville and Andre M. Johnson.
The company intends to use the funds to enhance its propriety software and onboard a number of news outlets, within the United States, Mexico, Central America, South Asia, and the Middle East.
Led by CEO Richard Miniter, Zenger is a B2B news wire, delivering both print and video news, in both English and Spanish languages, to publicly traded and privately held news outlets around the world.
The service supplies its news content at no cost to news outlets with its software attaching advertising to its news stories. That advertising creates a revenue stream for both Zenger and news outlets that carry its content. Zenger has more than 2,300 registered journalists reporting from 109 countries. Its customers include Forbes, Newsweek, and hundreds of newspapers, radio, and television stations across the United States.
The company has more than 40 full-time editors spread across New York, Washington, Los Angeles, Mumbai, Vienna, and Nairobi.
FInSMEs
23/06/2021