Join us at TNW Conference 2021 for insights into the future of tech →

Inside money, markets, and Big Tech

This article was published on January 28, 2009


    CoveritLive receives $1.2 million investment to boost liveblogging

    CoveritLive receives $1.2 million investment to boost liveblogging
    Ernst-Jan Pfauth
    Story by

    Ernst-Jan Pfauth

    Ernst-Jan Pfauth is the former Editor in Chief of Internet at NRC Handelsblad, as well as an acclaimed technology author and columnist. He a Ernst-Jan Pfauth is the former Editor in Chief of Internet at NRC Handelsblad, as well as an acclaimed technology author and columnist. He also served as The Next Web’s blog’s first blogger and Editor in Chief, back in 2008. At De Correspondent, Ernst-Jan serves as publisher, fostering the expansion of the platform.

    As a startup in a problematic economy, we have been often asked, “Are you guys going to be around in 12 months?” It’s a reasonable question that usually comes from users who have come to depend on our software as part of their core reporting. I am pleased to provide some good news on that front today.

    That’s how Keith McSpurren, president of CoveritLive, started an email to all CoveritLive members this afternoon.

    “Good” is an understatement, as the liveblogging platform has raised $1.2 million investment. Flagstone Capital – their current investor – gives the service a financial injection so that CoveritLive can continue to develop their customer base and business model. McSpurren is “very grateful” and feels fortunate that he has the right kind of investors behind him.

    I can only agreed with him. It’s good news that Flagstone Capital, despite the financial crises, decides to increase support in a rather successful start-up.

    CoveritLive has welcomed another investor: Paul Kedrosky, angel investor, well-known CNBC analyst, and the editor of a popular financial blog, Infectious Greed. His goal? To bring a new technology to the traditional media.