The New European, an award-winning digital and print publisher that is chaired by Gavin O’Reilly, has raised its target of £500,000 in crowdfunding in less than 48 hours. Founded by Matt Kelly, who is editor-in-chief, The New European had of last night raised more than £600,000 from more than 860 investors using the funding platform Crowdcube. The business is already backed by media luminaries including Mark Thompson, the former chief executive of The New York Times, Lionel Barber, the former editor of The Financial Times and Tanit Koch, the former editor-in-chief of Bild, a popular German newspaper owned by Axel…