American City Business Journals, the Charlotte-based owner of 40 weekly business newspapers, is the lead investor in a round of investing into Newsle, which lets users find published articles that mention their contacts or people they’ve chosen to follow on the service.
Newsle raised $1.65 million in the round of venture financing.
The company also announced that Whitney Shaw, president of American City Business Journals, has joined the board of directors.
“Newsle has built a fantastic product that every professional should be using,” said Shaw in a statement. “We’re big believers in the vision of organizing news around people. Advance Publications and American City Business Journals are proud to lead this investment.”
Newsle launched into private beta in January 2011. Newsle is available today in open beta at http://newsle.com.
Newsle continuously combs the web, analyzing more than 1 million articles a day from more than 100,000 news sources in real-time. Newsle then extracts the news that is most relevant for each user and delivers this in a daily email or news dashboard.
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