PressLogic founders Ryan Cheung and Edward Chow
PressLogic, a Hong Kong-based social media content and data analytics startup, announced today that it has raised a $10 million Series A+ round from Meitu, developer of the popular Chinese selfie app. PressLogic will use the funds to launch its new lifestyle brand GirlStyle and enter e-commerce with its proprietary algorithms, which predict what topics will trend on social media among specific groups.
The new round brings PressLogic’s total raised to $15 million. Meitu first acquired a minority stake in PressLogic last year.
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Source:: Social – TEch crunch