This sent to me straight from Sharjeel â€“ sorry I dont have time to do a writeup, but congrats to 2â€™s complement for their persistent hard work over the past few years, and to Umar Saifâ€™s incubator program!
I am excited to announce that SeenReport (Pvt) Ltd. has achieved another milestone by closing a Series-A round funding from an international VC firm. With this step SeenReport joins the very small pool of Pakistani Startups who have raised VC money. We believe that this will mark a new era taking Pakistanâ€™s name to the next level where internationally people would start taking Pakistani Startups more seriously and may be more opportunities would open up for Venture Capital injection. Pakistan would start to get even more attention for being a place where innovative work is being done. Hopefully this will also encourage many other young Entrepreneurs who are working to make an impression or thinking about starting their own business.
Here is our official Press Release:
SeenReport Private Ltd has closed Series A round of funding from Al-Janabi Group, a leading media investor in Middle East. SeenReport is the largest citizen news portal in Pakistan and provides both users and media organization expertise in combining traditional and new media by leveraging its rich social media suite.
SeenReport CEO, Sharjeel Ahmed, says, â€œWe are really excited to acquire investment from Al-Janabi Group. As a prominent media venture capital firm, they bring a lot of experience and guidance to the table. Combined with the passion and expertise of SeenReportâ€™s team in fusing traditional and new media, we will certainly achieve higher grounds.â€
When talking about the way forward for the company, Sharjeel said, â€œSeenReport is making a strong impact on the way news is created, shaped, distributed and perceived by the people. Traditional media has already started to embrace SeenReportâ€™s platform. We feel that the funding is well-timed and will enable us to grow our company. We will use this funding to expand the company, strengthen the platform and explore the international market.â€
Since its launch on 10 June 2008, SeenReport has made huge strides and now offers a full blown news sourcing and publishing platform. The platform is specifically geared towards gathering news via cell phones, micro-blogging and live casting. The platform supports rich multimedia content and taps into the prominent and emerging social networks and blogs in order to create a comprehensive social media suite.
SeenReport has made its mark with news sourcing platform and unique business model to provide its off-the-shelf social media suite to news organizations and media companies. Already engaging thousands of people and establishing a client base, the social media suite is capable of powering any international news organizationâ€™s citizen journalism arm.
Here are Yaser’s views on this: http://www.bhonpoo.com/2009/09/02/seenreport-raises-series-a-vc-funding/