Startups
Spot.IM raises $25M to help publishers engage with readers
Spot.IM announced today that it has raised $25 million in Series D funding.
We’ve written about the company’s commenting platform before, but CEO Nadav Shoval said it’s now building a broader “community platform.”
That platform goes beyond commenting and moderation to also include community pages and other ways to highlight and monetize user generated content. Its customers include Hearst, Refinery29, Fox News and our corporate siblings at Engadget and AOL.com.
Shoval argued that these tools are particularly important as digital media businesses models are struggling — regardless of whether those publishers are focused on advertising, subscriptions or other business model, the key is to focus on loyal users rather than “random users that come in and disappear.
Spot.IM can make a big difference in this area by keeping users engaged, and by providing data to help publishers understanding the behavior and value of their users. In fact, Shoval said that for some publishers, a Spot.IM user will provide five times as much lifetime revenue as a non-Spot.IM user.
“We do believe it’s about better understanding: Who are our users, what do they want and how can we provide them with more value?” he added.
The company has now raised a total of $63 million, according to Crunchbase. The new funding was led by previous investor Insight Venture Partners with participation from Norma Investments (representing businessman Roman Abramovich), AltaIR Capital, Cerca and WGI Group (founded by Noah Goodhart, Jonah Goodhart and Mike Walrath).
Spot.IM is also announcing that it has appointed tech and media executive Itzik Ben-Bassat as president and as a member of its board of directors.
-
Entertainment7 days ago
OpenAI’s plan to make ChatGPT the ‘everything app’ has never been more clear
-
Entertainment6 days ago
‘The Last Showgirl’ review: Pamela Anderson leads a shattering ensemble as an aging burlesque entertainer
-
Entertainment7 days ago
How to watch NFL Christmas Gameday and Beyoncé halftime
-
Entertainment5 days ago
Polyamorous influencer breakups: What happens when hypervisible relationships end
-
Entertainment5 days ago
‘The Room Next Door’ review: Tilda Swinton and Julianne Moore are magnificent
-
Entertainment4 days ago
‘The Wild Robot’ and ‘Flow’ are quietly revolutionary climate change films
-
Entertainment4 days ago
Mars is littered with junk. Historians want to save it.
-
Entertainment4 days ago
CES 2025 preview: What to expect