NewsWhip, a graduate of the NDRC Launchpad incubator program, has received funding believed to be in the region of $1 million from Hal Philipp, founder and former CEO of Quantum Research Group, and Shane Naughton, a founder and former CTO of TaxStream.
Described by TechCrunch as ‘an alternative to Google News’ the NewsWhip service creates a news stream of the most popular stories based on social media activity including the number of shares, likes and retweets on Facebook and Twitter. Unlike other competitors, NewsWhip takes social signals from the entire web rather than just a particular user’s contacts.
“We work off what everyone is sharing within a given topic (like fashion, business, tech). Less echo chamber of your social graph, more wide open view of the world’s conversation”, said co-founder and CEO Paul Quigley.
NewsWhip also has a professional product called ‘Spike’ which is currently being trialled with newsrooms which will eventually become a subscription based service.
The company was founded by Quigley, a lawyer by trade, and Andrew Mullaney, the company’s CTO, a computer engineer who previously worked with Accenture and who founded EasyDeals, and it won NDRC investment in December 2011.