Dublin-based NewsWhip, a real-time media monitoring platform, announced on Wednesday that it has secured $13M (approximately €12M) in a round of funding from AshGrove Capital.
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.
The company is also planning to increase its headcount by 50 per cent by 2024.
“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.”
NewsWhip: Predict stories and topics that will matter
Founded by Andrew Mullaney and Paul Quigley in 2011, NewsWhip is a real-time media monitoring platform that predicts the stories and topics that will matter in the hours ahead.
The platform 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.
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.
The Investor
Based out of London, AshGrove Capital is an independently owned specialty lending fund with a sector-led approach focusing on software and services.
The platform provides tailored credit solutions for a range of transactions from organic and inorganic growth financing to buyouts, supporting a variety of shareholders, including private equity, growth equity, VCs, and founder-entrepreneurs.
Ilkka Rantanen, Co-Founder and Partner at AshGrove Capital, says, “The challenges NewsWhip helps solve for their customers are becoming more topical for global organisations and critical for real-time responsiveness. Our investment perfectly aligns with the company’s technology-led approach to offer a unique and innovative solution in a growing market, and we look forward to supporting the Company to further enable communication professionals to be more focused, prepared, and reactive to global news events.”
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