Culture Trip, a global media/tech start-up for the culturally curious, announces their Series A funding round of $20M (£16.3M) from the PPF Group. Culture Trip had previously raised $2 million in seed funding from investors including media heavyweight US investor Gordy Crawford.
“We’re committed to being at the forefront of providing users with the best cultural content and recommendations and enabling a free flow of knowledge about countries from around the world. Culture Trip’s knowledge graph allows the creation of a more meaningful experience for our users, deepening the personalisation of content discovery with every new read. This investment will enable us to further this technology, and also expand our presence in new hubs around the world, to continue to develop our content offering.”
“Culture Trip demonstrates exciting potential in both the media and tech landscapes, uniquely bridging a gap between curated content generation and proprietary technology creation. The company is taking a non-traditional approach to delivering cultural information, all while integrating some of today’s leading technologies. This new model of generating content for users refreshes today’s existing media market, making it an important venture that sees greater international growth and commercial development.”