Stringr, a creator of on-demand video news service, has raised $5.75 million in a new round of financing, driven by investments from Thomson Reuters Ventures, as well as returning venture investors G5 Capital and Advection Growth Capital.
Stringr, founded in 2014, has secured more than $7.25 million in financing to date.
Stringr aims to develop additional tools and technologies that will help news outlets provide riveting coverage. The company will also grow its network of professional videographers. Since its earlier funding rounds, Stringr has increased the size and reach of its network from 65,000 videographers to more than 100,000.
“This support from new and existing investors, is proof-positive that we’re making a real difference – at a time when the whole world is shaken and reliable news reporting is critical,” said Lindsay Stewart, CEO and co-founder of Stringr.
