Newsbridge in a round of €4 million led by Elaia Partners.

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Newsbridge, a Paris, France-based SAAS developer for media producers, announced that it completed a €4 million ($4.7M) capital funding round.

The money was raised from investors led by Elaia Partners, and included contributions from angel investor Dominique Edelin and BPIFrance.

Newsbridge, founded in 2016 by Frédéric and Philippe Petitpont (CEO), developed a software platform that helps Media and Sports Rights-Holders auto-index, manage and monetize voluminous amounts of audiovisual content. The platform is used by customers including: TF1 Group, French Federation of Football (FFF), and recently launched Asharq News that has an exclusive content agreement with Bloomberg Media

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