Author: Catherine Shu / Source: TechCrunch The News Lens, an online journalism startup that aims to be the voice of reason in Asia’s rauc
The News Lens, an online journalism startup that aims to be the voice of reason in Asia’s raucous media landscape, will focus on creating more original video content after landing a Series B round. The startup hasn’t disclosed the exact amount, but says it is in the range of $2 million to $3 million.
Founded in 2013 as an antidote to the country’s scandal-obsessed tabloids, The News Lens has since grown to include separate editions for Hong Kong and international readers.
Its Series B was led by Wiskey Capital and includes returning investor North Base Media, a fund created by former Washington Post executive editor Marcus Brauchli and Media Development Loan Fund founder Sasa Vucinic to support independent media startups.
Other investment firms and angel investors that took part were Walden International, Trinity Investment, Angelvest, Dorcas Investments, Vic Chen, Ogilvy PR Taiwan managing director Wei Shang, Irene Chen, board director of the Foundation for Excellent Journalism, Camp Mobile Taiwan general manager Edgar Chiu and Alice Sun, co-founder and COO of Knock Know.
Chung says that when The News Lens announced its Series A in May 2015, it had about 3 million to 4 million monthly unique visitors. That metric has now increased to 5 million to 6 million, and the company’s goal is to add another million monthly unique visitors to its sites by the end of this year.
The News Lens currently has a staff of about 70 and offices in Hong Kong and Taiwan. Its Series B will be used…
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