Semantic news startup Mobiles Republic has raised $3 million in Series A funding. According to the release, "The company will use the investment to continue the global expansion of its popular news apps, including News Republic, APPY Geek and Glam Life, on the different platforms." CEO GIlles Raymond commented, "With this investment, we will be able to accelerate our growth, continue to federate more publishers on top of the 300 that have joined us, and continue our expansion capitalizing on our multilingual semantic engine... We are very pleased to have the support of XAnge Private Equity and Creathor Venture, who believe in our mission to be the worldwide leader in personal media apps on the four screens."
Cyril Bertrand, partner at XAnge Private Equity-- one of Mobiles Republic's investors -- added, "With 100M Pages Views per month threshold achieved in only 12 months, we are impressed by Mobiles Republic’s rapid expansion in Europe and the U.S. based on major content partnerships, unique expertise in monetization and amazing real usage per unique visitor. On top of their semantic engine, the granular personalization options represent a major differentiating factor in the market."
Image: Courtesy Mobiles Republic