Oz Publishing Platform Shorthand Raises $10 Million In USA
Another Australian start-up is making waves in the venture capital sector, with Shorthand – a no-code platform that allows publishers and brands to create multimedia stories – raising A$10 million from Fortitude Investment Partners.
This is Shorthand’s first institutional round of funding, and the company has been profitable for the past two years.
Shorthand’s customers include the BBC, Dow Jones, the University of Cambridge, Nature, Manchester City FC and Peloton.
The company says demand has increased during the pandemic, with usage quadrupling in Q4 2020 and subscription revenue up 8.8 percent month-over-month in February of this year.
Fortitude partner Nick Miller said the platform offers a rare combination of powerful output and simplicity of use for content creators.