I wonder how many regional newspapers can raise $17 million like this?
Helium (www.Helium.com), the online destination to learn what you need and share what you know, today announced the close of over $17M in Series A funding. Investments from an international group of investors, led by Signature Capital LLC and including Northport Private Equity, will help the citizen journalism hub continue to build tight partnerships with leading publishers and provide support for the launch of new digital media products.
“Helium’s unique platforms put the power of citizen engagement behind media publications, enabling them to engage readers in a way that will help grow audiences and increase reader loyalty,” said Bill Turner, Principal, Signature Capital LLC. “With Helium.com, we are bringing our financial resources to further accelerate this growth in citizen journalism, and to support Helium’s objectives towards providing solutions to newspapers at a time when budgets are shrinking and ad revenues are down.”
Helium? Well, it explains itself like this:
It’s easy to find the best articles at Helium because quality rises. Every article is rated by Helium’s writer-members through peer review. After many ratings by many people, quality content rises to the top. Don’t waste time with search results: Read what you need at Helium.
More at Helium, of course.