Nick Beim

Thoughts on the Economics of Innovation

Dataminr Secures $30 Million Amid Twitter-Scanning Success

Dataminr Inc., the New York City startup that mines Twitter for tradable news, has raised an additional $30 million in private funding from venture capital firms.

The fundraising round, Dataminr’s third since its founding in 2009, is being led by Venrock and Institutional Venture Partners. It brings the company’s total fundraising to $46.5 million. In addition, Venrock partner Nick Beim will join Dataminr’s board of directors.