Published On: Mon, Aug 24th, 2015

Selling News Feeds As A Service, Stream Raises $1.75M


Building off a strength of a successful open source project, a new startup that provides newsfeed growth and government as a use — Stream — has lifted $1.75 million in a initial turn of funding.

The new use is separate to a open source project, though both have their roots in what Stream co-founder Thierry Schellenbach saw as a problem — no one, solely a biggest media companies like Twitter, Facebook, and Instagram seemed to be means to do feed record well.

The strange open source plan that Schellenbach and his group grown is about 3 years aged and has been downloaded 250,000 times.

Last June, Schellenbach and his co-founder Tommaso Barbugli left their previous startups and in Aug began to work on Stream.

The Boulder-based company, that was put by a paces in a Techstars NY accelerator module and was founded in Amsterdam, managed to turn adult a slew of investors including Brad Feld/FGAngels, Techstars Ventures, Tahoma Ventures, Social Starts, Galvanize, Dharmesh Shah, Wayne Chang, Jud Valeski, Kyle Wild, James Powell and others.

“Over a past years, feeds have left from a amicable environment to turn widely used in a far-reaching operation of applications,” says Schellenbach. “It has turn this unequivocally widespread use pattern… Even unequivocally vast companies are regulating feeds. The cost of regulating an in-house resolution goes adult as your business grows.”

According to Schellenbach, there are over 500,000 apps that are still building and progressing their possess feed technology.

So far, 120 companies are “in production”, or operative with Stream to set adult a service, and a biggest is a Polish company: GoldenLine.pl, that offers a pursuit house and chain services.

Originally founded in Amsterdam, Schellenbach was introduced to Techstars NY handling executive Alex Iskold — a sequence businessman who had worked with some companies in Europe. The dual began vocalization and within hours, Iskold was operative to get Schellenbach to request to a New York program.

As with many immature newcomer entrepreneurs in a U.S. visa issues shortly arose, and (thanks to some personal connections) Schellenbach was forced to immigrate a association from New York to Boulder. That’s where Feld and his Colorado organisation came in to turn out a company’s initial fundraising efforts.

“I would have practical for an L-1 or have left a E-2 route, though that would have taken half a year to a year to arrange,” says Schellenbach. “The visa side of things is a large challenge. You only have to understanding with a lot of bureaucracy.”

Featured Image: David Berkowitz/Flickr UNDER A CC BY 2.0 LICENSE

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