“The advantage of debt is you’re not diluting your existing shareholders by issuing new equity.”
At the beginning of last year, NewsWhip began the process of securing additional capital to fund the new phase of its growth. Last week, the company disclosed that it had secured $13 million in debt from London-based AshGrove Capital. It will use the money to grow headcount to more than 120 people over the coming three years and fund the development of better products. In this podcast, CEO Paul Quigley talks about the new funds, the company’s journey, and the future of media.
