Online news kiosk Blendle in talks to bring in more investment capital

Online news kiosk Blendle is in talks with investors about a possible new capital injection after booking a loss in 2016.

According to the Financieele Dagblad, the Dutch start up, which has big international ambitions, posted a loss of €2.4m last year, compared with a loss of €1.6m in 2015.

Blendle was launched in April 2013 as a newspaper and magazine kiosk. It allows readers to pay a few cents to read individual newspaper and magazine articles and currently works with some 50 Dutch publications.

Some 550,000 people have a Blendle account – most of them in the 20 to 35 age group.

IN 2014 the New York Times and Germany’s Axel Springer group put €3m into Blendle to fund its international expansion into the US and Germany. Last year, Japanese group Nikkei, which owns the Financial Times, and Amsterdam venture capital group Inkef Capital, put an unknown amount of money into the company.

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