Local NEWS Network is a media tech company founded in 2019, with a slogan of "Providing quality local news journalism and effective marketing platform for businesses to reach local consumers." The company focuses on addressing the local news gap in communities that have lost their news coverage, while also providing a direct marketing channel for local businesses to effectively reach local markets. They attract local viewers to their platform using quality, relevant local news stories and then provide local businesses a direct marketing channel to effectively reach these locals. The company deploys a network of local digital display platforms in communities, allowing them to attract local viewers each day and deliver daily guaranteed exposure to local advertising campaigns running between these news stories. The company's last investment was a $250.00KSeed Round investment by Newchip Accelerator on 17 August 2021. Currently, Local NEWS Network is operating in 4 communities: Durango, CO / Telluride, CO / Cortez, CO / Farmington, NM, with plans to open another 2 locations in Colorado in the next 6 months and another 10 locations over the next 18 months. Notable customer feedback includes Whole Health Medicine expressing that it's "A wonderful resource to help us reach our clients, not only providing the community with daily stories that have a local focus, but giving us an opportunity to reach our community."
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | $250.00K | 1 | Newchip Accelerator | 17 Aug 2021 |
Grant | $150.00K | - | 20 May 2021 | |
Convertible Note | $65.00K | - | 01 Jan 2021 | |
Grant | $100.00K | - | 01 May 2020 | |
Debt Financing | $75.00K | - | 03 Apr 2020 |
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