SmartNews App Raises $230 Million, Considers Possible IPO

SmartNews Inc. has raised $230 million in its newest funding spherical, valuing the news-discovery app at roughly $2 billion and setting the stage for a possible itemizing of its shares.

SmartNews is a news-aggregation web site that kinds partnerships with exterior retailers comparable to USA Right now and Time journal to publish their content material. The app prides itself on aiding native information organizations, lots of which have been under extreme pressure, by driving visitors to their articles by a tab that exhibits customized headlines primarily based on a person’s location. | SmartNews App Raises $230 Million, Considers Potential IPO


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