Abrams didn’t say how much additional cash he’s raised, but he described the new funding as “relatively small in size compared to some of our tech-industry investors” — this was less about the size of the investment and more about getting backers from the news and media industry. Nuzzel previously raised $3.4 million in funding.
While the startup offers different ways to explore the news, its core appeal is very simple. It creates a news feed and news alerts based on what your friends are sharing on social media.
The new investors are: Matter; Gordon Crovitz, former publisher of The Wall Street Journal; Arturo Duran, managing partner at IVA Ventures; Craig Forman, partner at NextNews Ventures; Jim Friedlich, CEO of Empirical Media; Andrew Miller, former CEO of the Guardian Media Group; and John Paton, founder and former CEO of Digital First Media.