niiu News: newspaper app raises six figure investment

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The Berlin newspaper app released an iPad 2.0 update, raised a six figure investment round, and got Anja Mellage on board as COO/CFO.

niiu is a paid iPad newspaper app similar to models like Flipboard. However, niiu offers not only free but also licenced German newspaper articles. It gives readers a structured overview over relevant topics.

Additional to the four investors already on board (Gutenberg, intan Media-Service, Metacrew Ventures and Corporate Counsellors – who all invested again), other individual investors joined and the niiu senior managers took shares.

Niiu, which was first meant to be a print newspaper, closed after one year in January 2011, after the idea did not work out as expected. About a year ago, the two founders Wanja Oberhof and Hendrik Tiedemann kicked off the app that offers news from more than 30 publishing houses.

The 2.0 update adds a feature called “personal press review” which gives users an overview selected by keywords. 

Co-investor Gisbert M. Komlóssy, CEO at intan group, stated that they believe in niiu as it combines traditional reading habits with innovative technology. As intellectual property is an ongoing issue, niiu also presents the future of the current licence model, he added.

Anja Mellage joins the team as COO/CFO. Previously, she gained experience at KPMG and at the digital department of Axel Springer. niiu Founder and CEO Wanja S. Oberhof names her to be the missing piece they were looking for to structure and focus on their scale and expand their business.

 

Image: Niiu founder Wanja Oberhof.
Image Source:
 niiu