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July 9, 2012 01:25 pm GMT
NewsWhip, a service that surfaces the latest news based on social signals from Facebook and Twitter, has raised an Angel round from Hal Philipp, founder and former CEO of Quantum Research Group (which was acquired by Atmel in 2008) and who is now a partner with Meridian Growth Capital, and Shane Naughton, a founder and former CTO of TaxStream (which was acquired by Thomson Reuters in 2008).Details of the investment remain undisclosed, although sources tell TechCrunch that it can be considered a seed round and is in the "under $1 million" range. A sort of alternative to Google News (and also reminiscent of Tweetmeme), NewsWhip also saw a redesign this week as the company prepares to release native mobile/tablet apps that will put also it up against the likes of Flipboard. That said, the Dublin-based startup's approach is different from most social news apps in that it's taking social signals from the entire crowd -- Tweets and Likes -- rather than a user's specific social growth.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jGx9XS_sFPk/
NewsWhip Scores Angel Funding To Use Social Signals To Surface The News
NewsWhip, a service that surfaces the latest news based on social signals from Facebook and Twitter, has raised an Angel round from Hal Philipp, founder and former CEO of Quantum Research Group (which was acquired by Atmel in 2008) and who is now a partner with Meridian Growth Capital, and Shane Naughton, a founder and former CTO of TaxStream (which was acquired by Thomson Reuters in 2008).Details of the investment remain undisclosed, although sources tell TechCrunch that it can be considered a seed round and is in the "under $1 million" range. A sort of alternative to Google News (and also reminiscent of Tweetmeme), NewsWhip also saw a redesign this week as the company prepares to release native mobile/tablet apps that will put also it up against the likes of Flipboard. That said, the Dublin-based startup's approach is different from most social news apps in that it's taking social signals from the entire crowd -- Tweets and Likes -- rather than a user's specific social growth.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jGx9XS_sFPk/
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