SendtoNews snags $3 million investment

Cloud-based news platform SendtoNews.com announced September 13 that it has closed $3 million in financing from a B.C. investment group headed by RevenueWire Inc. cofounders ...

Cloud-based news platform SendtoNews.com announced September 13 that it has closed $3 million in financing from a B.C. investment group headed by RevenueWire Inc. cofounders Don Wharton and Elton, Adrian and Myron Pereira.

That same group invested $1 million in SendtoNews last year.

SendtoNews will use the money to roll out a new North American digital sports video distribution network dubbed SendtoNews News Partnership Network.

This network centralizes multimedia sports content for distribution across North America and will act as a library for newsrooms that want the content.

"We now have the financing to complete the launch of the continent's first expansive sports video distribution network for the digital age," said SendtoNews CEO Greg Bobolo. "Initial interest from newsrooms is very high, and we are in active discussions with more than 30 strategic partners."

gkorstrom@biv.com

@GlenKorstrom

comments powered by Disqus

More from Technology

France turns to Vancouver in hunt for tech talent

In a new push to develop its innovation sector, French government woos B.C. startups

Read Article

Warning! Disruption ahead: Yahoo’s ex-chief innovator

Author Salim Ismail advises businesses to take small steps to adapt to major changes

Read Article

Ottawa shortlists B.C. partnership backed by Telus for $950m supercluster strategy

Read Article

Infographic: 10 key considerations when launching a product

From market analysis to design to maintenance, this infographic has some suggestions to help with a successful product launch

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada
604-688-2398
×