Particle raises $10.9M in Series A funding led by Lightspeed Venture Partners and Axel Springer
Jun 11, 2024•over 1 year ago
Amount Raised
$10.9 Million
Round Type
series a
Bay AreaNewsArtificial IntelligenceInvestors
Axel SpringerLightspeed Venture Partners
Description
Particle, a news reader startup, has raised $10.9 million in Series A funding. The funding round was led by Lightspeed Venture Partners and included investment from Axel Springer, a global media company known for brands like Business Insider, Politico, Welt and Bild. In addition, Particle has partnered with news organization Reuters to collaborate on new business models.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech