SPH, INKEF invest in social media news curation platform

Singapore

CROWDYNEWS - a Netherlands-based social media curation platform for media companies - has raised 2.5 million euros (S$3.95 million) in Series A funding, in a round led by Dutch venture capital firm INKEF Capital and joined by the Singapore Press Holdings (SPH) through its New Media Fund.

The new money, a Crowdynews spokeswoman told The Business Times, will be used to continue the startup's "rapid global expansion" with media and newspaper companies, particularly in Asia.

"Crowdynews already has a presence in Asia, but Asia is a top expansion priority for the company. While it has customers in Indonesia, the Philippines, Malaysia, India and Singapore, the company is keen to expand to other countries in the r…