Local news app News Break raises $115M –
Summary
The press release claims this round makes News Break “one of the first new unicorns of 2021,” but the startup declined to disclose its actual valuation. “We are local-centric,” he said.”If local publishers are struggling, if the newspapers are diminishing every year, then sooner or later we are out of business.” And while we’ve noted in the past that News Break has Chinese roots — Zheng previously led Yahoo Labs in Beijing and was also founding CEO at Chinese news startup Yidian Zixun, plus the startup has team members in Beijing and Shanghai — Zheng emphasized that that this is a “U.S. high tech company incorporated in Delaware, headquartered in Mountain View,” with the majority of its workforce in the United State and a focus on the U.S. market. The distinction could become important if News Break continues to grow, given the U.S. government’s current attempts to ban Chinese companies. We are inspired by their mission and extremely impressed by the work they have done to bring local-news distribution into the 21st Century through cutting-edge machine learning and media savvy.
Funding
Review available funding amount, funding date, investors, and linked company information related to Local news app News Break raises $115M – in the interactive ISVWorld profile.