Company Description: We are a news and content distribution platform launched in mid-2020 to disrupt the 70-yr old, $900M newswire industry. Newswires electronically distribute news releases for corporations and/or their PR reps to traditional & digital media, investor platforms and numerous online news sites such as Yahoo!Finance. After spending 30+ years at one such service, Berkshire Hathaway-owned Business Wire (the last 7+ as president), I founded News Direct in 2019 to dramatically modernize a stagnant industry by using digital technology to expand beyond text into multimedia content, automate a highly manual workflow, introduce in-platform collaborative tools, enhance security and remake an antiquated, unpopular rate structure. Since our late June ’20 launch, we have already generated over 100 new users and well over $300k in booked revenue. We’ve been primarily financed via self-funding ($3.2M), a $3.3M SBA 7(a) loan and “friends & family” ($1M). We are seeking capital to accelerate our early-stage growth by investing further in tech, expanding our sales team and supporting them and our users by adding to our 24/7 Customer Success Desk.
City: Norwalk, CT
Minimum Per Investor: $25,000
Fund Link: https://www.newsdirect.info/
Company Website: https://www.newsdirect.com/
End Date of Crowdfund: 4/30/21