Northzone led the Series B funding round in the US and Europe based company, with General Partner Pär-Jörgen Pärson joining the board
NEW YORK, January 25, 2017-- Sourcepoint, the first content compensation platform for premium digital publishers, today announced it has closed a $16 million round in Series B funding led by new investor Northzone, with support from existing investors, including Spark Capital, Foundry Group, Accel Partners, and Greycroft Partners. This latest round brings the total raised since the company’s launch in June 2015 to $26 million.
Pär-Jörgen Pärson, General Partner at Northzone led the investment and will also join Sourcepoint’s Board of Directors. Pärson, who serves on the board of successful global digital businesses including Spotify, commented: “We are delighted to support Sourcepoint as it continues to innovate within the online publishing industry, providing solutions to revolutionize an individual’s experience of online content consumption.