Semafor, New Digital News Startup, Raises $19 Million in Funding

Semafor, a digital news startup, has raised $19 million in a new financing round, bringing its total raised to $34 million.
The company was co-founded by Ben Smith and Justin B. Smith, both with extensive media backgrounds.
The new investors include Gallup, Henry Kravis, Jamal Daniel, Jerry Yang, Jorge Paulo Lemann, and Stand Together.
Semafor has more than 400,000 newsletter subscribers with an open rate of over 60%, and produces nine newsletters and hosts live-journalism events.
The company has news bureaus in New York, Washington D.C, London, Kenya, Nigeria, and South Africa.