A new tech blog was launched by former TechCrunch writer and The Next Web editor Robin Wauters. Tech.eu was driven to fill the gap in the tech industry in Europe. However, the newly launched tech site needed investment to be able to keep up with expensive content.
Today, a small seed round was funded to the startup valued €150,000. The funding round came from 11 investors including prominent European angel investors, Adeo Ressi of Founder Institute and Dave McClure’s 500 Startups.
TechCrunch asked Wauters during a Skype interview on why Tech.eu decided to take a funding round.
Wauters answered, “We’ve raised a small seed round of funding from angel investors from across Europe and Silicon Valley so we could afford to dedicate some resources to building the best European technology publication we think is possible.”
He also added, “That’s not the easiest path we could have chosen in a world where the conversation about digital publishing these days mostly revolves around page views and revenue-per-click. Rather than chasing fast news and ‘cheap traffic’, we think we can build something of value, but that takes time. Hence why we raised funding – we didn’t want to have to think about getting as much traffic and advertising money as possible from day one, and build a sustainable business that doesn’t necessarily rely on that.”
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