Storyclash secured funding of €1.8 million from OÖ HightechFonds and A Round Capital

Storyclash, a Linz, Austria-based SAAS developer for the media and advertising industry, announced that it completed a funding round of €1.8 million ($2.1M).

The money was raised from local investors from Austria OÖ HightechFonds and A Round Capital and included contributions from existing shareholders Gründerfonds, Speedinvest and Michael Grabner Media. The funding will be used for growing the operations.

Storyclash, founded in 2014 by CEO Andreas Gutzelnig, built a social media monitoring tool for publishers, giving them a real-time view of what’s trending right now by analyzing social media interactions like shares, comments, likes and other reactions. Customers include Vodafone, Kaufland, Daimler, Adidas and comdirect.