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Nick D'Aloisio, who sold startup to Yahoo aged 17, has raised funding for a new app

Nick D'Aloisio, who sold startup to Yahoo aged 17, has raised funding for a new app
From TechCrunch - October 5, 2017

Nick DAloisio, who previously founded news summary app Summly, which he famously sold to Yahoo aged 17 for a reported $30 million, has raised funding for a new stealthy startup that promises to help you find and instantly chat to an expert on a range of topics.

According to sources, Sphere Knowledge, which 21-year-old DAloisio co-founded as early has November 2015 alongside Tomas Halgas, has picked up significant VC backing in what looks like a combined seed and Series A round.

A recent regulatory filing on Companies House values the newly issued shares at around $11.8 million, for approximately a 40 percent stake in the company, suggesting that this is the total amount the new startup has raised. Both DAloisio and his longtime spokesperson declined to comment.

I havent been able to absolutely pin down who all of DAloisios backers are. However, according to sources, London VC firm Index Ventures is in the frame, having participated in both the seed and Series A. Another name that has surfaced is LocalGlobe, the early-stage VC firm founded by Robin and Saul Klein. Index and LocalGlobe have historic ties and it is not uncommon for the two firms to co-invest.

LocalGlobe couldnt be reached for comment, and an Index spokesperson told me they didnt have anything to share.

Details about how the Sphere app will work are a little thin on the ground, too, not least because an early version was pulled from the iOS App Store after I contacted DAloisio. I understand the team is still iterating a first version and that many aspects are subject to change before a public launch.

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