New York-based journalism company NewsCred has secured $20 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 11 and led by InterWest Partners.
According to its Crunchbase profile, "NewsCred develops and operates a content marketing platform for marketers. It provides access to licensed content from various publishers. NewsCred also offers NewsRoom, a freelance-based newswire service to provide content from various journalists, photographers, videographers and designers."
The 12-year-old company has raised seven previous funding rounds, including a round in 2016.
The round brings total funding raised by New York companies in advertising over the past month to $22 million. The local advertising industry has produced 44 funding rounds over the past year, capturing a total of $497 million in venture funding.
In other local funding news, 3D printing company nTopology announced a $20 million Series B funding round on July 12, led by Canaan Partners.
According to Crunchbase, "nTopology is a multimedia and design technology company that develops a computer-aided design platform for advanced 3D printed parts. It designs software for 3D printing, which allows both explicit and computer-assisted creation of lattices structures. The company has developed a platform that offers a fluid transition from mechanical design to DFM and allows for computer-assisted creation of highly complex latticed structures."
Founded in 2015, the company has raised two previous rounds, including a $5 million Series A round in 2017.
Meanwhile, association and social company Civic Hall raised $5 million in grant funding, announced on July 10. The round was financed by Craig Newmark Philanthropies.
From the company's Crunchbase profile, "Civic Hall is a one-of-a-kind community center for the world’s civic innovators. Located in the heart of New York City, it is a space where social entrepreneurs, change-makers, government employees, hackers, academics, journalists and artists can share knowledge, build tools and solve problems, together."
Civic Hall last raised $2 million in a grant in 2018.
Also of note, organic food company Kencko raised $3.4 million in seed funding, announced on July 11 and led by Max Ventures.
From Crunchbase, "Kencko started with the simple belief that organic fruits and vegetables should be available anytime, anywhere, in any shape or format. Kencko is on a mission to reinvent fresh organic fruits and vegetables into convenient products that are hassle-free to consume, while preserving all the goodness of freshly harvested produce."
The company previously raised angel funding in 2017.
Rounding out the city's recent top local funding events, leisure company Baboon raised $2.9 million in angel funding, announced on June 24 and led by Brian Spaly.
The company previously raised funding earlier this year.
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