City News S.r.l.

City News S. r. l. is a digital publishing company that delivers real-time metropolitan news across Italy, focusing on local events and urban developments.

Their platforms engage communities by providing timely information. City News S. r. l.

specializes in digital publishing, delivering metropolitan news to 56 cities in Italy. Founded by Luca Lani, the company is headquartered in Rome, Italy. In February 2011, City News secured EUR 3. 3 million in Series A funding from Xyence Capital, raising a total of EUR 3.

3 million to date. The company's leadership includes CEO Fernando Diana and co-founders Luca Lani and Rakesh Gupta. Citynews operates a digital platform that provides real-time metropolitan news and local event coverage across Italy. Their core offerings include online news portals and mobile applications featuring geolocalized news alerts and user-submitted reports, effectively serving local residents, businesses, and policymakers in their communities.

In 2023, Citynews generated a revenue of EUR 24,096,637. 90 and an EBITDA of EUR 2,058,765. 70 through a mix of advertising and strategic partnerships, engaging local businesses and national brands to offer targeted advertising solutions on their platforms. City News S.

r. l. plans to leverage recent funding from their Series A round to enhance their digital infrastructure and launch new features aimed at increasing user engagement. The company is exploring expansion into additional Italian cities and is set to introduce new products by mid-2024, further extending its reach and improving service quality.

Funding from the EUR 3. 3 million Series A round will support these initiatives.