What is Newscrafted?
Newscrafted operates a unique platform designed to enable schools to generate monthly newsletters at no cost. The company's revenue model is driven by securing local businesses to sponsor these newsletters through advertising placements. Currently, the program is available to educational institutions and organizations with a minimum of 400 students or members, with a particular focus on elementary schools. Newscrafted provides schools with a curated list of potential advertisers for approval prior to each issue's publication. Schools have the flexibility to utilize pre-designed newsletter templates provided by Newscrafted or to create their own custom layouts, ensuring that the content and photography are exclusively generated by students and staff. This approach fosters student engagement and provides a valuable community connection.
How much funding has Newscrafted raised?
Newscrafted has raised a total of $2.3M across 2 funding rounds:
Unspecified
$1.2M
Private Equity
$1.1M
Unspecified (2013): $1.2M, investors not publicly disclosed
Private Equity (2013): $1.1M led by Broadmark Capital, LLC
Key Investors in Newscrafted
Broadmark Capital, LLC
Broadmark Capital, LLC is a commercial real estate finance company that engages in underwriting, funding, servicing, and managing short-term trust loans for property construction and development. Their involvement suggests a strategic financial backing for Newscrafted's expansion.
What's next for Newscrafted?
The recent major strategic investment signals a pivotal phase for Newscrafted, likely aimed at scaling its operations and expanding its reach within the education sector. This capital infusion is expected to fuel further development of its platform, enhance its advertiser acquisition strategies, and potentially broaden its service offerings to a wider range of educational institutions. The company's focus on a sustainable, mutually beneficial model—connecting schools with local businesses—positions it for continued growth and impact.
See full Newscrafted company page
