Sifted, a media startup backed by the Financial Times, has raised $4mn.
In Brief:
Sifted was founded three years ago to cover the startup scene across Europe.
It currently has around 40 staff in London, Stockholm, Barcelona and Berlin.
The round was led by ScaleUp Capital.
What does this mean?
Even with the new investment, the Financial Times is still a “core shareholder” of the business, says Sifted.
It adds that the funding will be used to double headcount in the coming year.
Read more – and the raise has been reported pretty efficiently – here.
