SmartNews Inc. has raised $230 million in its latest funding round, valuing the news-discovery app at roughly $2 billion and setting the stage for a potential listing of its shares.
SmartNews is a news-aggregation website that forms partnerships with external outlets such as USA Today and Time magazine to publish their content. The app prides itself on aiding local news organizations, many of which have been under extreme pressure, by driving traffic to their articles through a tab that shows personalized headlines based on a user’s location.

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