Taiwan based media startup, TheNewsLens has raised series A funding of $1-2 million from investors including North Base Media, 500 Startups, Lionrock Capital Founder & CEO Hari Kumar; venture capitalist Herbert Chang; and angel investor Jim Wu.
As per a TechCrunch report, the raised funding will be used to launch an iOS and Android app next month and continue company’s expansion into markets beyond Taiwan. Since its launch, the startup has expanded its operations to Hong Kong and other regions of Southeast Asia.
Launched in 2013, TheNewsLens publishes its own news and analysis and claims to have 5 million monthly unique visitors, with 75% users between the ages of 18-35. The company also has content sharing agreements with publications like WSJ, GQ and Malaysian media organization, Malaysiakini.
“We don’t want to be just an Asia-specific news site, but a global international player,” said Joey Chung, the founder and chief executive of The News Lens. “At least until the end of this year, we’ll be taking one baby step at a time, but if there is one platform to watch in terms of originating from Asia but being able to go global, then we want to be that site.”