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Deepti Sri · · 1 min readQatar’s sovereign fund co-leads $100m round in Dailyhunt’s parent firm
VerSe Innovation, the parent company of news aggregator Dailyhunt, announced that it has raised over US$100 million.
More funding details
- Lead investors: Sovereign wealth fund Qatar Investment Authority and Glade Brook Capital Partners
- New investors: Canaan Valley Capital
- Returning investors: Sofina Group
- Stage: Series H
More company updates
- VerSe Innovation says that its short-video platform Josh has attracted over US$200 million in investment in the last two months.
- New funds raised will be used to develop the company’s content creator ecosystem as well as improve its machine learning capabilities.
- Josh claims to engage over 85 million monthly active users and 40 million daily active users, generating more than 1.5 billion video plays per day.
For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.
Edited by Collin Furtado and Eileen C. Ang
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