Fresco News raises $1.2 mln in seed for crowdsourced site
New York-based citizen journalist site Fresco News closed a $1.2 million seed round of funsding and released an updated version of its app, which aims to enlist civilians to deliver user-generated content for media organizations. Investors include notable media professionals Reese Schonfeld (co-founder of CNN), Laurel Touby (founder of Media Bistro), Ross Levinsohn (ex-Yahoo of CEO) and Jonathan Miller (former executive with NewsCorp and AOL). Additional seed investors include Michael Jones (former CEO of Myspace), Fresco Capital, 1517 Fund, Social Starts, Wavemaker Partners and others.
8 September 2015•3 mins read
