News Break Announces $115m in Series C Funding led by Francisco Partners
News Break Announces $115m in Series C Funding led by Francisco Partners
MOUNTAIN VIEW, Calif., Jan. 07, 2021 News Break, The Nation’s No. 1 Intelligent Local News App, today announced it has closed a $115 million round in Series C funding led by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Francisco Partners will gain a seat on News Break’s Board of Directors. The investment makes News Break one of the first new unicorns of 2021.
News Break has previously raised more than $36 million from investors including IDG Capital, who have also participated in this latest round.