Content-Marketing Firm Gets $9 Million From Google Exec, New York Times
Posted in: UncategorizedA company called Keywee, which helps brands distribute their content-marketing efforts, has raised $9.1 million in Series A financing from several investors, including Innovation Endeavors, whose founding partner is Google Executive Chairman Eric Schmidt, The New York Times and Marker LLC.
Keywee, which was founded in 2013, plans to use the money partly to grow its sales and marketing team, the company said Tuesday. It’s looking for a head of sales in New York.
The company is just part of a cottage industry built around the white-hot world of content-marketing. Marketers are expected to spend about $4.3 billion on content-marketing tactics this year, according to a report from eMarketer. That’s a 34% increase over the previous year. The influx of cash has given rise to companies that provide services — including software, analytics and freelance writers — to brands for their content-marketing efforts. And many of these companies have attracted sizable investments. Last year alone, NewsCred raised $25 million, Percolate got $24 million, Contently nabbed $9 million and Simple Reach scooped up $9 million.