Banjo originally started out as a location-based service with a twist, and today announced it raised $16 million in Series B funding.
Led by Balderton Capital, the funding round also included others such as Vegas Tech Fund and BlueRun Ventures.
Nowadays, Banjo is built around real-time news happening on social media, and live events.
Recently, the startup launched a dedicated website, and also rolled out “Rewind,” a feature that lets users look back at live events.
From CEO and founder Damien Patton:
“With Rewind, you can go back and catch those moments through the eyes of the people who were actually there. Even a breaking news event such as the Boston Marathon bombing or [yesterday’s] building collapse in Harlem, New York, by the time it’s trending on Twitter or you’ve figured out the correct hashtag, it’s likely you already missed a significant amount of content.”
Banjo is available on Android and iOS, and the funds will be used towards hiring new employees and expanding internationally.
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