Tribune Media Leads Investment in News Video Curator Watchup
News video startup Watchup has raised $2.75 million in a new round of financing led by Tribune Media. The McClatchy Company and existing investors including Knight Enterprise Fund, Stanford-StartX Fund, and Ned Lamont also contributed to the round, which brings Watchup’s total capital raised to $4.25 million.
Watchup is one of several startups that want to make it easier for people to watch the news wherever they are. The company powers a series of apps that curate videos from “hundreds” of news and media outlets, including “PBS NewsHour,” CNET, The Washington Post, The Wall Street Journal, Vice, and Univision.
Here’s a video of the app in action:
For Tribune, the investment supports its desire to extend the reach of its local news content, according to Larry Wert, president of broadcasting for the company. “We are excited to invest in a product dedicated to ensuring that local news is available everywhere,” he said.
Founded in 2012, Watchup apps are available in Apple’s App Store, Google Play, Google Glass, and the Amazon App Store.
Previous investors include ABC News veteran Tom Yellin and former WSJ publisher Gordon Crivitz, in addition to those named above.Tags: financing, investment, News Video, startup, tribune media, Watchup