“We are inspired by their mission and extremely impressed by the work they have done to bring local-news distribution into the 21st Century through cutting-edge machine learning and media savvy. “News Break’s breakout multi-year successes in the local news space is what first brought them to our attention,” said Alan Ni, Principal at Francisco Partners. The new funding will allow News Break to significantly increase its investments in the local-content ecosystem - both in the United States, and for the first time, internationally - making vital local news and information more easily accessible and abundantly available to people everywhere.Īlready top ranked in the News category on Google Play and in the App Store, News Break is transforming how local news and information is published and shared, bringing people together around the unique and inspiring stories they mutually experience in their own communities. The investment comes as News Break is experiencing greater than three times year-over-year user growth, reaching 12 million daily active users. News Break has previously raised more than $36 million from investors including IDG Capital, who have also participated in this latest round. The investment makes News Break one of the first new unicorns of 2021. Francisco Partners will gain a seat on News Break’s Board of Directors. 1 Intelligent Local News App, today announced it has closed a $115 million round in Series C funding led by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. 07, 2021 (GLOBE NEWSWIRE) - News Break, The Nation’s No. New Funding to Drive Further Growth & Development of Nation’s No.
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