News aggregator OneNewsPage has received seed funding of £100,000 from two City figures, fund manager Anthony Cross and stockbroker Barrie Newton, as Thisismoney.co.uk reports. The site very simply provides links to UK and global news stories and… that’s it. Registered users can get personalised headlines and there’s a headlines widget for bloggers to embed on their sites. The funds will go towards technical development, marketing and developing Spanish and French sites to join the English and German versions.
Founder and CEO Marc Pinter-Krainer, previously CEO of real-time markets data company KTS (now Arcontech Group) says: “With our City backgrounds, we are not ruling out a future stock market flotation for the business, although a trade exit is more likely.” That’s quite some optimism given the state of online ad markets (Ed’s note: and the state of OneNewsPage.com — there is scope to expand the site’s earning potential through some kind of paid subscription model for corporate subscribers, but this is still one puzzling investment.
One British company in somewhat better shape is Tweetdeck, the leading Twitter app founded by London-based developer Iain Dodsworth. The company raised second round funding — the company confirms to Times Online that the amount, from Brent Hoberman and Michael Birch’s PROfounders investment vehicle, was $2 million (£1.21 million). As Dodsworth told me in June, plans are afoot to boost the app’s recommendation and targeting features, paving the way for new revenue streams through corporate partnerships. Tweet deck raised seed funding of $300,000 (£182,000) in January.