Digital startup Scroll has announced that Union Square
Ventures is leading a $7 million financing round in Scroll. The round also
includes participation from Samsung Next, Bertelsmann, Gannett, Axel Springer,
The New York Times, Uncork Capital, Founder Collective, OATV and Tom
Glocer, according to Scroll.
Scroll, a startup that aims to sell subscriptions to an ad-free digital news bundle featuring various publishers, plans to launch in 2019. The company has offices in
Scroll’s backers are “investing in the idea that it’s possible to fix an internet that has evolved to feel more like something done to us than something built for us,” the company says.
The company aims to “balance a frictionless, fast, ad-free user experience on an open web with a revenue model that gave publishers a strong future.”
New publishers joining Scroll Network include Buzzfeed, Vox
Media, Fatherly and The Daily Beast, the company says. There are now 27 partner
publishers on board.
Chartbeat founding CEO Tony Haile is Scroll’s founder and CEO.
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