Local news app News Break raises $115M

The popular news app News Break is announcing that it has raised $115 million in new funding.

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.

Founder and CEO Jeff Zheng said that when he started the company in 2015, the goal was to differentiate itself from other news aggregation apps by focusing on local news, and to “help or empower these local content creators.”

To be clear, you can find similar stories in News Break that you’d see in other news apps (there’s a whole section for coronavirus news, for example, and this morning you’ll see plenty of headlines about yesterday’s violent takeover of the U.S. Capitol), but you’ll also see plenty stories that are…

Read Story

Related Post