# Stears News

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stears-news

- Industry: Media
- Headquarters: Lagos, Nigeria
- Website: www.stears.co
- Total disclosed funding: $3.3M
- Latest round: Seed (Oct 11, 2022)
- Investors on record: 6

## About

Founded in 2017 and based in Lagos, Nigeria, Stears News Limited, operates as a provider of data-driven insights collection tools which focus on economics, finance, and policy making. In October 2022, MaC Venture Capital led USD 3.3 million in seed funding for Stears, with participation from other investors, Serena Ventures, M7 Tech Partners, and HoaQ.

The company offers a mobile application platform that provides different articles varying different topics, themes, and industries using macroeconomic and financial data, analytical models, and data collection tools to give data-driven insights. The company’s product portfolio includes stears premium, stears premium for corporates, stears data, and stears advisory.

The company generates revenue by charging monthly subscription fees of N2,900 per month.

The company will use the funding to enhance its data collection and analytics capabilities, talent acquisition, and expansion into East and Southern Africa.

## Funding rounds

- Seed, Oct 11, 2022, $3.3M — M7 Tech Partners, Serena Ventures, MaC Venture Capital, Luminate, HoaQ, Cascador

## Investors

- M7 Tech Partners (https://capitalatlas.ai/funds/m7-tech-partners) — Seed
- Serena Ventures — Seed
- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed
- Luminate (https://capitalatlas.ai/funds/luminate) — Seed
- HoaQ (https://capitalatlas.ai/funds/hoaq) — Seed
- Cascador — Seed