NEWS

News broadcast startup Rivet Radio raises $3.6M

Thursday, Jun 04, 2015

Online news startup Rivet Radio announced today that it’s raised a total of $3.6 million in funding to date from multiple investors including The Associated Press, Ringleader Ventures, and Chicago venture capitalist Steve Miller.

Founded in 2013, the Chicago-based startup serves up a personalized list of local, national, and world news segments and podcasts via their app. The service allows listeners to skip, bookmark, and share stories in their playlist, Pandora-style.

Today’s funding announcement comes about a month after Dropbox bought Umano, a similar app for news, articles and talks, and scheduled it to shut down on June 12. Apple bought and shut down Swell, also a similar app, a year ago.

Rivet says it’s “looking to future expansion” and is apparently in talks to secure its first international partnership.

 

venturebeat.com

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