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ACQUIRED COMPANY
 
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Newsle  Acquired by LinkedIn (2014  amount undisclosed )

156 2nd Street
San Francisco, CA 94105
USA
415-800-0919
Website Company Summary Management Team
Team

Management: Paul Glootz (Business Development) Axel Hansen (co-Founder) Jonah Varon (co-Founder)
Outside board: Whitney Shaw (American City Business Journals President)
Company

Business description: Newsle is a web application that allows you to follow real news about your Facebook friends, LinkedIn contacts, and favorite public figures. Never miss an important story about a friend, professional contact, or public figure you care about. While there are already “people search” sites and social news aggregators, Newsle does two things that haven’t been done before: -Finds real news about–not by–your Facebook friends and LinkedIn contacts (no tweets, no statuses, no “social noise”) -Combines this with news about public figures you select, in a single newsfeed We’ve developed sophisticated algorithms to disambiguate between people with the same name, to evaluate the importance of news articles, and to optimize your newsfeed as you rate and interact with articles. You can adjust the amount of news you see about each person you’re following and sort your newsfeed by date or importance. This makes it a unique way to discover news that is relevant to you personally, but that you wouldn’t otherwise see.
Capital

Rounds: 1
Recent fundings: Oct 2013   Feb 2012
Capital raised: 2.45M
Last Round: 1.85M
Ownership: Acquired by LinkedIn (2014  amount undisclosed )
Angels/other VCs: Rockwell A. Schnabel (U.S. Representative to the European Union)
Corporate investors: Advance Publications

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Overview
Record updated: Jul 2014
Sector: Internet
Year Founded: 2010
Rounds: 1
Recent fundings: Oct 2013   Feb 2012
Capital raised: 2.45M
Last Round: 1.85M
Ownership: Acquired by LinkedIn (2014  amount undisclosed )