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Existing investors put in more money on Scoop.it

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(Credit: Reuters) The image shows the logo of Scoop.it.Sccop.it
July 30
1:47 PM 2013

Scoop.it has secured another US $2.6 million from its existing investors, bringing the capital it raised to US $13.6 million since the company was launched in 2011.

The company offers social curation app that can be used by subscribers to gather and then publish content. In just one and a half years since its launch, the company already recorded 75 million visitors from all over the world.

Recently appointed Andrew Federici, Scoop.it's new vice president of monetization, said that the company is showing a lot of promise in terms of growing its revenues and influence.

He said there's no dearth in demand for Scoop.it's services since "businesses and professionals are constantly looking for ways to increase their online visibility, drive leads and save time in the process."

Scoop.it's solution, he said, "is an essential tool for anyone looking to build awareness and traffic online. I look forward to helping the team drive revenue."

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