Neverthink grabs $1.3M for an online video entertainment aggregator for teenagers.

Finland Sweden Investments 26 September 2017
Share on FacebookShare on Twitter

Neverthink, a Helsinki, Finland-based startup that provides an online video aaggregator platform, raised $1.3M in fresh investment funding.

The backers include Reaktor Ventures, Tekes, Superhero Capital and Northzone and the round was made at a $10M company valuation.

Neverthink, founded at the end of 2016 by Aviv Junno and Claus Nurro, started as a pet project of a basic site that automatically aggregated content from Reddit and YouTube.

At the end of 2016, the founders received a seed investment of $100k from Reaktor in order to transform the site in a business, by developing a learning content management system that optimises the playlists of each channel constantly based on quantitative user feedback.