Otherweb raised $1.7 million through equity crowdfunding to develop its AI news aggregation app and tools, led by SCUF Gaming founder Duncan Ironmonger.
Oct 17, 2024•11 months ago
Amount Raised
$1.7 Million
Round Type
seed
Investors
Duncan Ironmonger
Description
Otherweb has secured $1.7 million in funding primarily through the equity crowdfunding platform DealMaker. The funding will help enhance its news aggregation app and tackle misinformation in the media.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers