newsbreak.comConsumer & Lifestyle / EntertainmentFounded: 2015Funding to Date: $164.11MM
NewsBreak, founded in 2015, is a news aggregation platform that specializes in delivering localized news. Using intelligent algorithms, the platform seeks to curate news and content based on geographical location and user preferences. Aimed at readers seeking to stay informed about local and national events, NewsBreak is headquartered in Mountain View, California.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/07/2021 | Series C-1 | $15.28MM | $xx.xx | $1.4B | Francisco Partners, IDG Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,200,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
4.0
Key Investors
Francisco Partners, IDG Capital
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01/07/2021 | Series C | $103.27MM | $xx.xx | $1.4B | Francisco Partners, IDG Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,200,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
4.0
Key Investors
Francisco Partners, IDG Capital
|
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09/30/2019 | Series B-1 | $23.41MM | $xx.xx | $167.54MM | IDG Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,500,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
IDG Capital
|
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05/09/2017 | Series B | $8.14MM | $xx.xx | $71.09MM | IDG Capital, ZhenFund | |
Price per Share
$xx.xx
Shares Outstanding
3,000,000
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
IDG Capital, ZhenFund
|
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09/03/2016 | Series A-3 | $4MM | $xx.xx | $29.14MM | IDG Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,050,000
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
IDG Capital
|
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05/12/2015 | Series A-2 | $4.12MM | $xx.xx | $13.33MM | Skyview Fund | |
Price per Share
$xx.xx
Shares Outstanding
5,600,000
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
Skyview Fund
|
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05/12/2015 | Series A-1 | $5.88MM | $xx.xx | $13.33MM | Skyview Fund | |
Price per Share
$xx.xx
Shares Outstanding
8,000,000
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
Skyview Fund
|