Oximity
Alternative to traditional news media creating a news platform of the people, by the people, for the people..
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Related Content
Oximity, founded in 2010, operated as a news media platform with the goal of providing an alternative to traditional media sources. The company's platform was designed to deliver news content directly from creators to readers, personalizing the distribution based on the reader's interests, language, and location. This model aimed to give content creators greater access to audiences while helping readers stay informed about their surroundings.
The business operated within the publishing industry, functioning as a platform for user-generated news content. Its core strategy was to bypass traditional news media gatekeepers. The company secured an accelerator/incubator funding round of $159,000 and later a seed round in March 2014. Key investors included 500 Global, Ronnie Screwvala, and Sashi Reddi.
The company's primary offering was its web-based platform where news creators could publish their content and readers could discover it through various channels. By focusing on direct creator-to-consumer distribution, Oximity intended to provide a more diverse and personalized news experience. Ultimately, Oximity was acquired by Scribd on November 14, 2016, marking the end of its journey as an independent, venture-backed startup. Keywords: news platform, content distribution, publishing, media technology, user-generated news, personalized content, direct-to-reader, news aggregation, Oximity, Scribd acquisition, 500 Global, content creators