In the competitive and brutal world of new media journalism startups, players come and players go — but one contender just got a boost to keep them in the ring. PolicyMic has raised a $10 million Series A funding round after their audience grew 550 percent in 2013.
PolicyMic wasn’t going to go looking for more funding until next year, PolicyMic CEO and cofounder Christopher Altchek told Betabeat, but as the audience came rushing in, PolicyMic wanted to start hiring additional staff, and needed the extra cash. The investment round was lead by Jim Clark, who cofounded Netscape and has previously invested in Facebook, Twitter, and Apple. Read More